Nigeria’s decision effectively cancels the $860 million transaction between the French oil major and its local buyer Nigerian regulators have withdrawn approval for TotalEnergies to sell its minority stake in an onshore oil project over alleged failure of the parties to meet financial commitments required to complete a deal. The West African country’s Upstream Petroleum Regulatory Commission (NUPRC) had given conditional clearance for the $860 million transaction in October. However, Reuters

Tag-uri: Petrol