The Nigerian National Petroleum Corporation (NNPC) has ruled out the sale of its multi-billion dollars equity in oil assets across the country to investors, declaring that this is the wrong time to venture into that. Group Managing Director of the corporation, Mallam Mele Kyari, who gave this hint in a keynote address at the 45 th Anniversary Lecture of the Nigeria Association of Petroleum Explorationists (NAPE), maintained that the corporation is proactive bearing in mind the place of oil and gas in the next 40 to 50 years. Kyari’s…
Read MoreNNPC rules out Equity sale, crashes debts in JV with Shell, Chevron, others to $2bn
