The Chief Operating Officer, Gas & Power , Nigeria National Petroleum Corporation, Saidu Mohammed, has said that Taleveras Oil & Gas Limited kept its pledge and obligation to settle its commitment to the crude oil swap programme Premium Times reports.
Taleveras and two other crude oil marketing companies were accused of under-delivery in respect to the crude oil swap programme that was later scrapped. The three firms, AITEO Energy Resource Limited, Ontario Oil and Gas Limited and Televaras have earlier agreed to pay over $184 million for the alleged under-delivery. You will recall that the current regime had engaged some firms to swap crude oil for refined petroleum products only to have it scrapped after some months.
The three companies had earlier at a reconciliation meeting with the Nigerian National Petroleum Corporation expressed their commitment to a repayment schedule in which an initial settlement of$17.2 million within two weeks, and a further payment of $10 million later in tranches.
Premium Times report that the acting Chief Executive Officer of Taleveras Oil and Gas Services Limited, Aliyu Jimeta, confirmed on Wednesday, in Abuja that the payment was done on schedule as agreed during the negotiations.
In his words: “As a responsible company, and one that has over the years made positive contributions to the Nigerian economy, Taleveras Group would do everything within its powers to promptly ensure its associated units closed out on all outstanding issues with the NNPC,”
“The Company is keen on maintaining our long standing relationship with the NNPC spanning close to 20 years. That is why we have commenced the settlement of all outstanding matters with NNPC.
“We have demonstrated this by our actions. We are still contributing positively to Nigeria’s economy in various ways. We are a responsible corporate organization and intend to keep to all our business commitments”,
Meanwhile, some observers have expressed delights on the reconciliation process as well as Taleveras commitment to honouring its promises. They are of the opinion that if Nigeria continue to toe the current line of accountability, the country will in no distant time attain the much desired greatness that has eluded her for some decades.
Accountability is back in the Nigerian Oil Industry if this current report on the debts recovered by the Nigerian National Petroleum Corporation in respect of the crude oil swap deal is anything to go by.
What are your thoughts on this?
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