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BP agrees to sell its petrochemicals business to Ineos

BP has announced that it has agreed to sell its global petrochemicals business to Ineos for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing BP, will further strengthen BP’s balance sheet and delivers its target for agreed divestments a year earlier than originally…

NNPC targets 2 years for AKK pipeline completion

As the President, Major General Muhammadu Buhari inaugurates the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project virtually on Tuesday (today), the Nigerian National Petroleum Corporation says it targets to complete the project in 24 months.

Foreign investment inflow to oil sector dips by 51%- NBS

According to data released by the National Bureau of Statistics, NBS, foreign investment inflow into the Nigerian oil and gas industry stood at $10.09 million in the first quarter of 2020, dropping by 51.07 percent from $17.22 million recorded in the fourth quarter of 2019.
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