Eni, Equinor Deals in Nigeria Approved After Delay
- Sales announced last year held up by regulatory due diligence
- Oil majors offload onshore assets to focus on deep-water units
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Nigerian regulators approved the sales of units of Eni SpA and Equinor ASA after months of delay as oil majors continue exiting operations in the West African nation.
The acquisitions of Eni’s Nigerian Agip Oil Company Ltd. by Oando and those of Equinor by Project Odinmim Investments Ltd. were announced at an industry event Wednesday in Abuja. The prices weren’t disclosed.