‘IOC divestments may push indigenous producers to 70% ownership’

The divestment of onshore and shallow water assets by International Oil Companies (IOCs) in Nigeria could enable indigenous oil producers to control up to 70 per cent of the country’s oil production. Oluseye Ekun, Chairman of the Management Session Committee at the Nigerian Association of Petroleum Explorationists (NAPE), disclosed this, noting that IOCs, including Shell, […]

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