Texaco fuel cards news: Chevron 'in talks over Nigerian leases'
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20 January, 10 Texaco fuel card holders have discovered that parent company Chevron is in talks to extend its oil leases in Nigeria. Recent media speculation has suggested that negotiations between the US oil giant and the country's government had stalled in the absence of president Umaru Yar'Adua, who has been in Saudi Arabia for the last two months receiving treatment for a heart condition. But this theory appears to have been quashed, with junior oil minister Odein Ajumogobia saying that "Chevron and Shell are still in negotiations with the federal government ... over the renewal of their expired licences", AFP reported. The statement released by the Nigerian ministry of petroleum resources went on to assert that no specific authorisation is required from the president over the renewal of the licences. Last month, a source close to negotiations told the Times that Shell is looking to offload its Nigerian assets over the coming months in a move which will earn the company £3 billion. Find out more about the Texaco fuel card and start saving now Posted by Sean Webb 
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