Nipco to Purchase 60% of Mobil Oil Nigeria

• Wednesday, 30th November 2016
• by Editorial Team

Mobil Oil Nigeria (MON) Plc announced Nipco Plc will pay about $291m for the acquisition of the 60% shares of ExxonMobil in the company, informed This Day. ExxonMobil Oil Corporation had executed a sale and purchase a...

ExxonMobil to Exit Nigeria’s Downstream

• Monday, 24th October 2016
• by Egypt Oil & Gas

US oil and gas giant, ExxonMobil is following the footstep of Chevron to divest from the downstream sector of Nigeria’s oil and gas business with a plan to sell 60% of its equity in Mobil Oil Nigeria Plc (MON) to Nipc...