IOCs’ assets divestment to local firms undergoing due diligence, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted social media speculations suggesting that certain international oil companies (IOCs) have completed the sale of their assets to some indigenous companies, noting that the assets cannot be deemed sold yet. In a public notice on Friday, the commission’s Chief Executive Officer, Mr. Gbenga Komolafe clarified that oil and gas assets in …