NNPC to acquire divested assets of IOCs

Nigerian National Petroleum Corporation, NNPC, Monday, said it will acquire the divested assets of International Oil Companies, IOCs, in Nigeria. The NNPC has also borrowed about N224 billion ($1.4 billion) from the international financial market to settle the N496 billion ($3.1 billion) indebtedness of its subsidiary — the Pipeline and Products Marketing Company, PPMC — […]

NNPC to acquire divested assets of IOCs

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