Italy’s largest oil company, Eni SpA, has joined Shell and Chevron in the sale spree of its onshore assets in Nigeria. It was gathered that the company’s subsidiary in Nigeria, Nigerian Agip Oil Company (NAOC) has already set a target of $5 billion that it would realise from the sale of the onshore assets it operates in Nigeria. “Nigerian Agip Oil Company, which operates under a joint-venture agreement with Nigerian National Petroleum Corporation (NNPC) and ConocoPhillips, is already at the second critical stage of the sale,” a source disclosed.
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