Nigeria: Shell, Partners Sell Seven Oil Blocks for U.S.$2.57 Billion

5 November 2012

Three international oil companies (IOCs) - Shell, Total and Eni (Agip) - have raked in $2.569 billion (N411.04 billion) from the sale of a jointly held stake in seven oil blocks within the last two years.

The multinationals were said to have sold a 45-per-cent stake in the seven oil concessions in five transactions.

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