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Chevron to Sell Stake In Two Nigeria Oil Blocks

AFRICANGLOBE - Nigeria’s third-largest oil producer, Chevron Nigeria Limited (CNL), a subsidiary of United States international oil company, Chevron, announced on Tuesday that it will sell its 40 per cent stake in two shallow water oil blocks, OML 83 and OML 85, in the country.

Nigerian Firms Buying Out Foreign Oil Companies

AFRICANGLOBE - Three international oil companies (IOCs) - Shell, Total and Eni (Agip) - have raked in $2.569 billion (N411.04 billion) from the sale...
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