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NUPRC Completes Regulatory Approval for Eni, Equinor Divestment Deals

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By Adedapo Adesanya The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday announced the completion of all regulatory processes for the assets sale between Eni’s Nigerian Agip Oil Company (NAOC) as well as that between Equinor and Chappal. The chief executive of NUPRC, Mr Gbenga Komolafe, disclosed this on the final day of the NOG Energy Week in Abuja and said the signing ceremonies for the two concluded deals would come up in a few days. The regulator also stated that documents submitted by Shell Petroleum Development Company (SPDC) in its $2.4 billion deal were undergoing due diligence by the

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