IOCs divesting assets in Nigeria's oil and gas sector creates opportunities for domestic producers.
Oil majors' divestment in Nigeria's oil and gas sector opens opportunities for domestic producers. Major international oil companies (IOCs) have been divesting assets due to regulatory challenges, changing global energy dynamics, and a shift towards cleaner energy sources. Pedro Omontuemhen, Partner at PwC Nigeria, said this trend presents a significant opportunity for local companies to enhance their capabilities and play a more prominent role in the oil and gas landscape.
July 26, 2024
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