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Buhari directs NNPC to take over troubled $2bn JV oil assets from Shell

...NNPC to confirm assumption of operatorship by May 2

NNPC

President Muhammadu Buhari has directed state-owned Nigeria National Petroleum Corporation (NNPC) to take over oil blocks worth $2 billion from Royal Dutch Shell plc, in an area that’s at the heart of environmental and human rights controversies. According to a letter dated March 1, 2019, seen by BusinessDay, President Buhari through the office of the…

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