Ivorian Petroci, Nigeria’s MRS feud over acquisition of Chevron downstream assets
A joint investment agreement between two African companies, Société Nationale Petroliere de Côte D’Ivoire, shortly referred to PETROCI, and MRS Holdings of Nigeria…
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Chevron
Why Shell, Chevron, other oil majors are leaving Nigeria
Fresh insights as to why the oil majors are gradually scaling down their operations and planning their exit from the country has been unraveled. Investigation by The Nation revealed that among the oil…
NNPC rules out equity sale, reduces debts in JV with Shell, Chevron, others to $2bn
THE Nigerian National Petroleum Corporation (NNPC) has backpedalled from selling its equity in oil assets because of low oil prices and general poor state of the industry. Group…