Chevron rakes in $70m from oil blocks’ sale in Nigeria


The United States oil company, Chevron Corporation, has netted $70 million from the sale of two offshore oil blocks in Nigeria; Oil Mining Lease (OML) 83 and OML 85, two years after it had put them up for sale.
The oil firm confirmed in a statement the completion of the sale of its 40 per cent stake in the two Nigerian offshore oil blocks, which it started in 2013.
Reuters, which reported this, added that the oil company completed the sale to local firm, First Exploration & Petroleum Development Company Limited, chaired by former Minister of Petroleum Resources, Odein Ajumogobia.
The two …Read More

Source:: New Mail