Elumelu Commends FG Over Transcorp, NNPC Contract
The Federal Government has been commended for opening the petroleum sector to local participation. Tony Elumelu, chairman, Transnational Corporation of Nigeria, Transcorp Plc, made the commendation last weekend as Transcorp and the Nigerian National Petroleum Corporation, NNPC, signed a production sharing contract for the exploration and production of OPL 281, under which officials said Transcorp…