The Senate Committee on Local Content has summoned a British firm, BP Oil International Limited over a $3.3 billion pre-financing crude oil deal that may have breached the Nigerian Oil and Gas Content Development Act 2010, Daily Post reports.
The Chairman of the Committee, Senator Solomon Adeola, said the summon was necessary in view of complaints against the oil giant by a Nigerian firm, Alsaa Gas and Shipping Nigeria Limited, which insisted that a $3.3 billion pre-financing crude oil contract was an infraction of Nigeria’s Local Content Act, 2010.
“The Nigerian company has provided technical and local industry knowledge support for BP Oil International Limited in the contract process with an agreement for a $0.10 per barrel of crude oil of the deal [which] was unilaterally revoked by the British firm,” he said. The British Company whose letter of summon was routed through the Ministry of Foreign Affairs is expected to appear on March 28, 2018.