Tuesday 25 October 2016

ANALYSTS PREDICT MIXED FORTUNES AS NIGERIAN DOWNSTREAM SECTOR DIVESTMENT INCREASES

Analysts predict mixed fortunes as Nigerian downstream sector divestment increasesAnalysts are adducing different reasons for the recent divestments in the downstream sector of the Nigerian oil and gas industry. Shortly after details filtered in that Nipco Investments Limited is buying 60 percent stake in ExxonMobil’s downstream operations, industry operators confirm a media report that Total Nigeria has already received over a dozen interests for its downstream assets. Analysts say possible reasons for these divestments could be due to harsh operating environment in the downstream sector compounded by slump in crude oil prices.

No comments:

Post a Comment