TotalEnergies Looks To Divest Nigerian Asset, Joining Big Oil Exodus ...Middle East

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TotalEnergies Looks To Divest Nigerian Asset, Joining Big Oil Exodus
source : OILPRICE ( Middle East ) () 29
France’s supermajor TotalEnergies plans to sell its minority stake in an onshore oil-producing joint venture in Nigeria in what will be the latest divestment of Nigerian oil assets by an international major. TotalEnergies will put up for sale its 10-percent interest in a company operating 20 licenses onshore Nigeria and in shallow waters, the French firm’s chief executive Patrick Pouyanné said at an earnings conference call on Thursday. “Disruption of local communities are sources of great concerns,” Pouyanné…

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