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LONDON -- US oil major ChevronTexaco has endorsed Nigeria's recent decision to publish monthly details of oil and gas earnings in a move to boost transparency in producing countries.
In a recent statement, Chevron acknowledged the announcement last week by Nigeria's President Olusegun Obasanjo, who declared that Nigeria would publish a number of key government financial indicators -- including revenues received from the oil and gas sector.
"As a company with a long history of operations in Nigeria, we are fully supportive of the President's bold move to tackle such a difficult issue as transparency and good governance," ChevronTexaco Chairman Dave...