The Nigerian National Petroleum Corporation (NNPC) on Tuesday disputed claims by its partner, Shell Petroleum Development Company of Nigeria (SPDC), that their joint venture lost over $700 million (about N109.9 billion) to crude oil theft and vandalism in the second quarter of this year.‬
‪The dispute highlights the dearth of transparency and accountability in the operations of the country’s petroleum industry such that two partners in a joint venture find it difficult to have the same records and data of their operations.‬

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