Nigeria's NUPRC approves sale of Eni and Equinor's onshore assets to Oando and Project Odinmim, marking first major transactions under new oil law.
Nigeria's oil regulator, NUPRC, has approved the sale of onshore assets owned by international oil companies Eni and Equinor, paving the way for Oando and Project Odinmim to acquire the assets. The deals had been pending for months, awaiting approval from the petroleum minister. These approvals are significant as they are the first major oil transactions under the new oil industry law.
July 03, 2024
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