2010 Oil Blocs Sale: Another Impending Fraud?
Written by Ifeanyi Izeze Tuesday, 01 June 2010 06:10
Across the oil producing world, known prolific but unexploited acreages are assigned to prospectors for the purpose of increasing production capacity or boost reserves. But in Nigeria, everything that happens in the oil sector-upstream and downstream is an aberration of what obtains elsewhere. Awards of oil blocs in this country have become an exercise to ingratiate political loyalists or close associates of powers of the day.
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