Oil companies owe US$2.1m in surface rentals
Some international oil companies (IOCs) have defaulted in the payment of surface rental fees to the state, accruing arrears to the tune of US$2.11m in 2020. The amount represents a 34 percent increase over the arrears outstanding in 2019 of US$1.57m, according to the 2020 annual report of the Public Interest and Accountability Committee (PIAC),…