Nigerian National Petroleum Corporation Will Protect Nigeria’s Interest in Divesting Oil Companies
Aug 3, 2021 ·
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The Nigerian National Petroleum Corporation assured that it would protect the interest of Nigeria in any transaction involving international oil companies interested in divesting from the country. Group Managing Director...
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The Nigerian National Petroleum Corporation assured that it would protect the interest of Nigeria in any transaction involving international oil companies interested in divesting from the country.
Group Managing Director of the corporation, Mr Mele Kyari, says the NNPC cannot stop any of the oil concerns from deciding to sell off any of their assets as far as the rules are followed.
The NNPC boss noted that having learnt from previous experiences, the corporation was developing requisite divestment policies that will provide clear guidelines and criteria for exiting of partners’ interest in all its Joint Venture and Production Sharing Contracts arrangements.
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Group Managing Director of the corporation, Mr Mele Kyari, says the NNPC cannot stop any of the oil concerns from deciding to sell off any of their assets as far as the rules are followed.
The NNPC boss noted that having learnt from previous experiences, the corporation was developing requisite divestment policies that will provide clear guidelines and criteria for exiting of partners’ interest in all its Joint Venture and Production Sharing Contracts arrangements.
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