IOCs’ sells their stake in oil block to Tony Elumelu’s firm for $1.1bn
Three international oil companies operating in Nigeria have sold their combined 45 per cent interest in Oil Mining Lease 17 and related assets in the Eastern Niger Delta to TNOG Oil and Gas Limited, an integrated energy company founded by Mr Tony Elumelu. Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited … [Read more…]