Distribution
Publié par OrePulse
Publié le : 21 oct., 2024 12:56
Nigeria approves Exxon-Seplat deal after more than two years
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) CEO Gbenga Komolafe said on Monday at an event in the capital Abuja that the ministerial approval had been granted.
Under the deal, Seplat will own 40% of four oil mining leases and associated infrastructure, including the Qua Iboe export terminal, and 51% of Bonny River natural gas liquids recovery plant previously owned by Mobil Producing Nigeria Unlimited, Exxon's local unit.
Oil majors operating in Nigeria - Africa's largest oil exporter - have been retreating from onshore operations hampered by theft and sabotage, opting to focus future investments on newer and more lucrative deep offshore fields.
In July the NUPRC approved the sale of onshore assets by Eni's (ENI.MI) local unit to Oando and another from Equinor (EQNR.OL) to new entrant Project Odinmim.
The regulator offered in May faster approvals for pending asset sales by oil majors if they took responsibility for oil spills and compensated impacted communities rather than wait for authorities to apportion liability.
Articles similaires
World Bank Backed Fund targets solar energy projec...
09 sept., 2024 13:34
Libya oil exports plunge as NOC cancels cargoes du...
12 sept., 2024 08:31
Caterpillar introduces groundbreaking dynamic ener...
18 sept., 2024 07:42
Saudi Arabia strikes $1 bln deal as aluminum drive...
18 sept., 2024 09:03
Egypt and Petronas Discuss Expanding LNG Investmen...
19 sept., 2024 13:00
6 Regional Banks Transforming Africa’s Oil & Gas I...
20 sept., 2024 13:00
Giyani Metals advances battery-grade manganese dem...
30 sept., 2024 09:20
Middle East tensions spike oil prices, but surge w...
01 oct., 2024 07:59
Uganda receives first batch of line pipes for EACO...
01 oct., 2024 09:21
UAE: OPEC+ doing 'noble' job of balancing oil mark...
02 oct., 2024 09:15Actualités tendances
Métaux de base
US seals big uranium investment in Niger, two years after troops left...
17 sept., 2026 17:47
71 min de lecture
Rail
Zimbabwe seeks $115 million Afreximbank loan for state rail operator...
17 sept., 2026 17:31
88 min de lecture
Autres (logistique)
Nigeria Customs Rolls Out Trade Fixes After US Flags Port Delays...
17 sept., 2026 17:22
73 min de lecture
Autres (mines)
Blencowe Reverses Course on Former CEO's Consulting Deal, Cancels His Share Awards...
17 sept., 2026 17:08
66 min de lecture