The Nigerian government has rejected Shell plan to sell its Nigeria onshore oil business to Renaissance Africa Energy Company Limited.
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, disclosed this while speaking at the launch of the project one million barrels of oil per day (mmbpd) initiative in Abuja on Monday.
Mr Komolafe said the deal was rejected because it could not scale “regulatory test.”
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