Plans to sell shares in certain of its oil and gas assets have been revealed by the Nigerian National Petroleum Company (NNPC) Limited.The corporation used an invitation document to announce the call for bids, according to Reuters, which broke the story first.00:14/03:11 10 Sec The article states that potential bidders must register online by January 10. Following this, a pre-screening procedure will be carried out, and eligible businesses will be given access to a secure virtual data room.According to the study, “prequalification will be based on technical and financial capacity, followed by document evaluation, negotiations, and regulatory approvals.” The letter does not specify how much it hopes to raise, according to Reuters, despite the fact that NNPC controls some properties wholly and others in collaboration with global oil firms like Shell, Chevron, and Eni. The size of the stakes on offer was not disclosed, according to the publication. According to Daily Trust, the national oil business has joint venture relationships with a number of International Oil Companies (IOCs), such as Eni, TotalEnergies, Shell Chevron (CVX.N), and opens new tab.
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