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Article: Nigeria: Hydrocarbon Firm Debuts in Nigeria.
- Article from:
- TendersInfo
- Article date:
- July 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Afren Plc, has announced the birth of First Hydrocarbon Nigeria Company Limited (FHN), a majority Nigerian owned oil and gas company in the indigenous Nigerian Exploration and Production sector.
In a release signed by Managing Director, africapracticeR&B, Tim Newbold, the company was established "in direct response to the Nigerian government s objective to increase the level of local participation in the oil and gas sector and in line with the company s strategy.
It also stated that "Afren has established FHN with the support of two leading Nigerian financial institutions; First City Monument Bank Plc (FCMB) and Guaranty Trust ...