Analysts 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. 
Tuesday, 25 October 2016
ANALYSTS PREDICT MIXED FORTUNES AS NIGERIAN DOWNSTREAM SECTOR DIVESTMENT INCREASES
Analysts 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. 
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