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Oil giant, Chevron Nigeria Limited (CNL), has denied snubbing
Nigeria in terms of investment prospects next year.
The company which operates the joint venture (JV) between the
Nigerian National Petroleum Company Limited (NNPCL) and CNL described as
"misleading" a media report alleging that it snubbed Nigeria.
A statement by its General Manager, Policy, Government and
Public Affairs, Esimaje Brikinn, denied the allegation.
"Please note that the allegation is untrue and does not
represent the position of CNL in Nigeria. CNL remains committed to sustaining
the existing mutually beneficial and long-term relationship with Nigeria and
other stakeholders as demonstrated by our significant economic and social
investments in Nigeria over the last six decades.
"These investments have generated visible and viable
socio-economic development in several communities across Nigeria.
"CNL affirms that capital discipline and higher returns
to shareholders remain some of our top priorities. CNL will, along with
industry peers in Nigeria, continue to engage the government on policies and
opportunities to ensure global competitiveness and sustainability of the
petroleum industry," the statement read.
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