A wave of planned sales of onshore Nigerian assets by oil majors has prompted speculation that they are finally leaving the Niger Delta because of oil theft, gangsterism and political uncertainty. In reality, though, foreign firms such as Royal Dutch Shell , Chevron, Eni and Total are here to stay, industry sources say.
Thu Aug 8, 2013 8:02pm IST
* Shell, Chevron selling blocks, Eni reviewing position
* Oil majors complain about security, regulatory uncertainty
* Majors likely to keep hold of best assets, eyeing gas
* Sales could be hampered by state oil firm interests
By Joe Brock
ABUJA, Aug 8 (Reuters) – A wave of planned sales of onshore Nigerian assets by oil majors has prompted speculation that they are finally leaving the Niger Delta because of oil theft, gangsterism and political uncertainty.
In reality, though, foreign firms such as Royal Dutch Shell , Chevron, Eni and Total are here to stay, industry sources say. read more
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