Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil's Nigerian unit by Seplat Energy , in a $1.28 billion deal announced in February.
Nigerian President Muhammadu Buhari arrives for the Leaders' Retreat, on the sidelines of the Commonwealth Heads of Government Meeting at the Intare Conference centre in Kigali, Rwanda June 25, 2022. Dan Kitwood/Pool via REUTERSABUJA, Aug 8 - Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil's Nigerian unit by Seplat EnergyBuhari, who doubles as oil minister, granted ministerial approval to the deal, the presidency said in a statement on Monday.
Exxon and Seplat are expected to operate the unit's oil licenses, supporting Nigeria meet its OPEC production quota in the short term as well as accelerate the development of gas resources in the area. Seplat said in February its offshore unit had entered an agreement to buy the entire share capital of Exxon's Nigerian offshore shallow water business for $1.28 billion, plus a further consideration of up to $300 million based on the oil price and the average production of the unit, Mobil Producing Nigeria Unlimited, over a five-year period.Register now for FREE unlimited access to Reuters.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
London's Horniman Museum to return Benin Bronzes to NigeriaLondon's Horniman Museum said on Sunday it would return 72 artefacts, including 12 brass plaques known as Benin Bronzes, looted from Benin City by British soldiers in 1897 to the Nigerian government.
Lire la suite »
London museum will return looted Benin Bronzes to NigeriaA museum in southeast London agreed Sunday to return a collection of Benin Bronzes looted in the late 19th century from what is now Nigeria as cultural institutions throughout Britain come under pressure to repatriate artifacts
Lire la suite »
'We're triaging': Cops combat violent crime as ranks dwindleIn Portland, Oregon, the police chief recently pulled detectives from cold case and assault units to backfill the homicide unit, which is overwhelmed by a spike in gun violence
Lire la suite »
Man Struck, Killed By Vehicle In Northeast Philadelphia: PoliceA 39-year-old man was struck and killed by a vehicle in Northeast Philadelphia on Sunday night, police say.
Lire la suite »
UK museum agrees to return looted Benin Bronzes to NigeriaThe decision comes after Nigeria’s National Commission for Museums and Monuments formally asked for the artifacts to be returned earlier this year following a consultation with community members, artists and schoolchildren in Nigeria and the UK.
Lire la suite »