Oil groups will meet Nigerian officials this week for crunch talks on an overhaul of sub-Saharan Africas biggest energy industry, in the wake of a Chinese companys bid for stakes in prime fields.
Royal Dutch Shell, Chevron, ExxonMobil and others hope to persuade the government to ease tough new terms in draft legislation. They are also locked in negotiations over leases to oil fields they have held for 40 years, with the government asking for billions of dollars to renew them.
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