Subsidy: Finance Ministry pays fresh N41 Billion to 27 oil marketers

Posted by Mary Tom, Abuja | 13 March 2014 | 4,065 times

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Nigeria’s Finance Ministry has paid a total of N41,074,772,210.95 to 27 marketers whose claims have successfully gone through the verification processes.

Paul C Nwabuikwu, Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, disclosed this in Abuja this evening.

Nwabuikwu in a statement said the disclosure was being made “in continuation of the Ministry’s focus on transparency and accountability in the management of the subsidy regime.” He listed the oil marketers as follows:

1. A-Z Petroleum Products Limited

2. Acorn Petroleum Plc

3. Aiteo Energy Resource Limited

4. Ascon Oil Gas Company Limited

5. Avidor Oil & Gas Company

6. Conoil Plc

7. Dee Jones Petroleum & Gas Ltd

8. Dozzy Oil and Gas Limited

9. Folawiyo Energy Ltd

10. Gulf Treasures Limited

11. Hudson Petroleum Limited

12. Hyde Energy (Nig) Limited

13. Ibafon Oil Ltd

14. Masters Energy Oil & Gas Ltd

15. Matrix Energy Limited

16. Mobil Oil Nigeria Plc

17. MRS Oil & Gas Company Ltd

18. Nepal Oil and Gas Serv. Ltd

19. Nipco Plc

20. Northwest Petroleum & Gas Ltd

21. Oando Plc

22. Obat Oil & Gas Services Limited

23. Rainoil Limited

24. Shorelink Oil and Gas Services Limited

25. Techno Oil Ltd

26. Tempogate Oil & Energy Company

27. Total Nigeria Plc

•Photo shows Finance Minister Okonjo-Iweala.


Source: News Express

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