only tangled and complex for those with limited cerebral ability I guess.
i think it would be very worrying for SLE if they had bought into a venture in Kurdistan were the KRG is not paying the operators their full dues - however Nigeria, for all its faults, has had a functioning oil industry for many years that has had issues but continues to function - and operators continue to be paid. This current spate of sabotage will last a bit and then disappear as these things do and then there will be some other issue - but Nigeria will still pump and export oil and operators will still get paid and the informal economy and the informal wealth redistribution will continue....
yawn - it would be great if you could post something relevant and interesting, but perhaps a challenge too far.
"corporation can use such a vehicle to finance a large project without putting the entire firm at risk. Problem is, due to accounting loopholes, these vehicles became a way for CFOs to hide debt. Essentially, it looks like the company doesn't have a liability when they really do. As we saw with the Enron bankruptcy, if things go wrong, the results can be devastating."
FG, ex-militants agree to end pipeline bombing in Niger Delta By Seun Opejobi on May 29, 2016
The Special Adviser to the President on Niger Delta matters, Brig-Gen Paul Boroh(rtd) has disclosed that the Federal Government will partner with ex-militants to end the ongoing pipeline vandalism in the Niger Delta region.‎
Boroh, who is the Coordinator of the Amnesty Programme made the disclosure while addressing reporters at the end of a meeting he convened in Benin, the Edo State capital yesterday.
‎He called on the agitators to stop the wanton destruction of oil pipelines and follow the path of dialogue with the government.
According to Boroh, “We have all resolved that we will put our heads and hands and all in all together to prevent the re-occurrence of this type of thing.”‎
“Collectively we (Federal Government and ex-militants) have agreed to work as a team to prevent re-occurrence.
“We feel bad that it is happening, it is affecting our economy and it is affecting development and we are very concern about it.”
He further assured oil companies operating in the region of government’s resolve to ending the attacks on pipelines
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