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Amid Environmental Concerns, NEITI Plans Probe Of $6.033bn Divestments By IOCs

The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced a comprehensive review of divestments involving 26 oil blocks worth $6.033 billion by five International Oil Companies (IOCs). The transactions include notable sales such as Shell to Renaissance ($2.4 billion), ExxonMobil to Seplat ($1.28 billion), and TotalEnergies to Chappal ($860 million). NEITI’s executive secretary, Dr. Orji […]


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