Thursday 30 July 2015

ENI CONTEMPLATING ASSETS SALES ONSHORE AMID OIL PRICE DROP

Another  gale of oil block divestment may hit Nigeria  very soon, as Eni SpA, Italy’s largest oil company, is considering selling part or all of its onshore Nigerian operations as it seeks to divest peripheral businesses amid a drop in oil prices, people familiar with the matter say.

If  this happens, analysts say it would  boost local capacities of Nigeria in the  upstream sector  of the oil and gas industry

Read more @ Businessday online

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