Nigeria Energy: Seplat's Exxon Deal, Dangote Refinery Capacity
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Nigeria has approved Exxon Mobil's sale of its onshore oil and gas assets to Seplat, a domestic energy supplier. This development is significant for Nigeria's energy sector. Additionally, the Dangote refinery is operating at nearly 70% capacity, marking a notable milestone for the continent's largest refinery.
November 16, 2024 | 11:30 am
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Exxon Mobil has sold its onshore oil and gas assets in Nigeria to Seplat, a domestic energy company. This move is part of Exxon's strategy to divest from certain assets.
The sale of assets is part of Exxon's broader strategy to streamline operations and focus on more profitable ventures. While this divestment may not significantly impact Exxon's stock price in the short term, it aligns with its strategic goals.
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