Nigerian govt refutes claims on exit of international oil firms

The Federal Government said on Tuesday that none of the International Oil Companies (IOCs) operating in Nigeria has left contrary to insinuations in some quarters.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made the clarifications during the inauguration of the ongoing Nigeria International Energy Summit (NIES 2024), at the Presidential Banquet Hall in Abuja.

He said the IOCs only shifted their portfolio and investments offshore.