IOCs Divestment: Only Competent Indigenous Companies Will Take Over 26 Oil Blocks- NUPRC

The Nigerian Upstream Regulatory Commission (NUPRC) has ramped up efforts to ensure that only competent companies will take over the 26 oil blocks that are in the process of divestment by International Oil Companies (IOCs).

The NUPRC said it is considering due diligence and interrogating compliance with the laws and processes that govern the proposed divestment of oil and gas assets by IOCs to indigenous companies.

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