NNPCL raises concerns over NAOC-Oando deal (www.premiumtimesng.com)

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The consummation of the deal is subject to ministerial consent and other regulatory authorisations, a statement by Nigeria’s leading indigenous energy solutions provider said.

NAOC’s participating interest in Shell Production Development Company Joint Venture (operator Shell 30 per cent, TotalEnergies 10 per cent, NAOC 5 per cent, NNPC 55 per cent) is not part of the deal and so will be retained in Eni’s portfolio, Oando said.

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