Following months of delays, Nigeria’s upstream regulator has approved oil asset sales of Eni and Equinor to local firms as international majors look to divest Nigerian operations. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved the proposed sale of Nigerian Agip Oil Company Ltd (NAOC Ltd), Eni’s wholly-owned subsidiary focusing on onshore oil and gas exploration and production in Nigeria, as well as power generation, to Oando PLC. The regulator has also given the green light to Equinor to…
