Nigeria’s President Muhammadu Buhari has declined Ministerial consent for ExxonMobil’s $1.6bn assets’ sale to Seplat, according to a highly placed oil and gas industry source.
This was contained letters sent to the ExxonMobil and Seplat Chairman by the Upstream Petroleum Regulatory Commission NUPRC signed by the chief executive officer, Gbenga Komolafe
The letter from the NUPRC stated the position of the President, Muhammadu Buhari who is the substantive Minister of Petroleum Resources on the deal.