ExxonMobil assures Nigeria of continued presence, despite divestment plans

ExxonMobil, on Monday, moved to quell concerns about its long-term commitment to Nigeria, following announcements of asset sales.

The oil giant recently met with Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, where its Managing Director, Shane Harris, emphasized continued investment plans.

Harris assured the minister that these sales do not signify an exit strategy. He pointed towards ongoing and planned investments in the country’s oil and gas sector, highlighting the company’s view of Nigeria’s energy potential.