New setbacks expected for Nigerian asset sale

Nigeria could face significant problems in selling some of its oil and gas assets, including poor security and a lack of regulatory clarity
By Miriam Malek 20 March 2017
The Bonny Island LNG plant. It is unknown whether Nigeria will sell its stake in the facility. (Shell)

Nigeria’s decision to sell off some of its oil and gas assets has sparked interest from international bidders, but reform of the Petroleum Industry Bill (PIB) and political issues mean any asset sales could take time to bear fruit, sources have told Interfax Natural Gas Daily.

Nigerian President Muhammadu Buhari announced the long-awaited asset sale last week as part of the country’s Economic Recovery and Growth Plan (ERGP) 

But despite the political will, it is likely to be some time before any deals are actually made. Campaigning...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up