The Nigeria Oil & Gas Industry is by far the most lucrative sector of our economy,
hence the need to manage it with due diligence.Petroleum accounting will continue to be a prominent feature of this page
INTRODUCTION
In this text the word petroleum refers to both crude oil and natural gas. Crude oil and natural gas refers to the hydrocarbon compounds that are found in underground rock formations. The name petroleum is derived from the Latin terms petra (rock) and oleum (oil). When it seep into the surface it is often refer to as tar,asphalt, or bitumen
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