December 17, 2018 – Energy Worth Online

Zambia denies China taking over power company over debt

Energy Worth6 years ago6 years ago13 mins

Zambia has denied the fake news by a US official that China is about to take over its state power utility to recover $6-10 billion debt, noting the utility was never provided as collateral and its debt to Beijing was only $3.1 billion. U.S. National Security Advisor John Bolton said on Thursday that China’s quest…

Subsidy: FG pays oil marketers, freezes interest on loan

Energy Worth6 years ago6 years ago15 mins

Mr Henry Ikem-Obih, Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation (NNPC) says the Federal Government has paid the agreed N236 billion as first tranche of the outstanding subsidy claims to oil marketers. Ikem-Obi, who disclosed this in an Interview with the News Agency of Nigeria (NAN) on Monday in Abuja, said that government, through…

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Day: December 17, 2018

Zambia denies China taking over power company over debt

Subsidy: FG pays oil marketers, freezes interest on loan