Equinor’s exit adds to shift to local ownership in Nigeria’s upstream

In depth
Issue 497 - 18 Dec 2023 - By James Gavin | 5 minute read

Equinor’s proposed sale of its Nigerian operations to a local buyer adds to a growing trend for IOCs to withdraw from the  upstream sector, allowing domestic players to step in, even if access to finance and other obstacles may still need to be overcome, writes James Gavin.

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