Vice-President, Yemi Osinbajo on Wednesday met with the Minister of State for Petroleum, Ibe Kachikwu and Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) at the presidential villa in Abuja.
Speaking at the end of the meeting, Kachikwu said issues ‘over joint venture cash call’ were discussed at the meeting.
Addressing State House Correspondents, the Minister said issues around oil fields were also discussed.
He said, “It’s a meeting on the upstream. It was largely AGIP bringing some information to the vice-president on where they had been in terms of Okpai, in terms of Zabazaba Deepwater oilfield field, in terms of the cash call exit which they are doing with NNPC.
“Agip was basically updating him, asking for areas where they need some assistance from government officials to sort of fast track. It was normal upstream meeting.
“We discussed only to the extent that a few completion items on NNPC, largely the opening up of the escrow accounts and that type of stuff which they need to fasten up on.
“But we are far gone on that. Installment payments are already going on, I think NNPC is undertaking by October or early next month to complete that whole process. So is going on very well.”
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