NUPRC withdraws approval for TotalEnergies’ $860m SPDC stake sale

NUPRC withdraws approval for TotalEnergies’ $860m SPDC stake sale

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn approval for French oil major TotalEnergies’ proposed sale of a 10 per cent stake in Shell Petroleum Development Company of Nigeria Limited (SPDC) to Mauritius-based Chappal Energies, citing unmet financial obligations

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