. NNPCL resolves deals, partners await NUPRC’s consent in 4 weeks After over two years of delays, the Nigerian National Petroleum Company Limited (NNPC Ltd) has finally signed a settlement agreement with Mobil Producing Nigeria Unlimited, Mobil Development Nigeria Inc., and Mobil Exploration Nigeria Inc. resolving the long-standing compliance issues under Section 14 of the 2019 Joint Operating Agreement (JOA) contained in the Petroleum Industry Act (PIA). This settlement was reached between the management of the two organizations on Thursday, thereby granting consent to the sale of ExxonMobil’s 40…
Read MoreExxonMobil, Seplat $1.2Bn Asset Sale To Be Finalised In 30 Days
