Why oil majors are selling their assets and leaving Nigeria — Kyari

Why oil majors are selling their assets and leaving Nigeria — Kyari

International oil companies are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero commitment, the group managing director, Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said.

Mr Kyari said this in a speech at the 2022 Nigerian International Energy Summit (NIES2022) in Abuja on Monday.

Last year, Royal Dutch Shell announced its plan to offload onshore Nigerian oil assets in a bid to move to cleaner energy.

It said it was discussing with the federal government to sell its…

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