Nipco confirms 60% ExxonMobil downstream acquisition

Kunle Kalejaye 20 October 2016, Sweetcrude, Lagos —An Indigenous downstream company in Nigeria, Nipco has confirmed the 60 percent acquisition of a stake in Mobil Oil Nigeria Plc from United States oil giant, ExxonMobil. The deal is seen as a continuation divestment strategy by international oil companies (IOCs) operating in the country. The transaction sets […] More »