Nigerian Crude Oil
Crude oil and gas divestment in Nigeria is a trend that denotes the selling of assets by oil majors or international oil companies (IOCs) operating in the country.
Source: africa.com
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Big Oil is selling off its polluting assets — with unintended consequences
As the world wrestles with climate change, major oil companies are selling off polluting assets around the globe. Shell, which announced in 2021 that it is looking to exit Nigeria’s onshore market completely, has repeatedly said in annual reports over the past eight years that divestments in Nigeria and elsewhere have played an important role in decreasing the company’s own
Source: energycentral.com
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Big Oil is selling off its polluting assets - with unintended consequences
Shell says its divestments in Nigeria help the company meet its green goals. But villagers and watchdogs say conditions worsened after the sales.
Source: adn.com
How oil-rich Nigeria failed to profit from an oil boom
Price controls, spluttering production and oil theft are to blame | Middle East & Africa
Source: economist.com