Tuesday, 31 March 2015

TOTAL COMPLETES $1BN NIGERIAN ASSET SALE

French oil major, Total, has completed the divestment of its stakes in three onshore Nigerian oil blocks, with sale proceeds amounting to over $1bn.
 
The divested assets are Oil Mining Leases 18, 24 and 29, the company said, adding that its interest in OML 29 was sold to Aiteo Eastern E&P, a Nigerian company, for $569m.
 

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