$783m Agip Acquisition By Oando Followed PIA Guidelines, NUPRC Replies Atiku
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Monday, clarified the recent acquisition of 100 per cent of the shareholding interest in the Nigerian Agip Oil Company (NAOC) by Oando PLC, saying the deal followed regulatory guidelines and in line with the provision of the Petroleum Industry Act (PIA). The regulatory authorities in the upstream…