Norwegian energy company Equinor has announced the sale of its Nigerian business, including its share in the Agbami oil field, to Nigerian-owned Chappal Energies. The transaction marks the end of Equinor’s three-decade presence in Nigeria.

The agreement covers the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including the unitised 20.21% stake in the Agbami oil field, operated by Chevron.

Equinor has been a significant player in the development of Nigeria’s oil and gas sector, particularly in the Agbami field, which has produced over 1 billion barrels of oil since its inception in 2008.

“Nigeria has been an important part of Equinor’s international portfolio over the past 30 years,” stated Nina Koch, Equinor senior vice president for Africa Operations. “This transaction realises value and is in line with Equinor’s strategy to optimise its international oil and gas portfolio and focus on core areas.”

Chappal Energies, the acquiring company, is a Nigerian-owned energy firm committed to further developing the acquired assets and contributing to the Nigerian economy.

“We are excited to take over the baton from Equinor after three decades of enduring legacy,” remarked Ufoma Immanuel, Managing Director of Chappal Energies. “Value creation, environmental stewardship, and community engagement are at the heart of everything we do, and our social and development impact will be the most important measurement of our success.”

https://leadership.ng/equinor-exits-nigeria-after-30-years-sells-its-assets-to-chappal-energies/#:~:text=Equinor%20Exits%20Nigeria%20After%2030%20Years%2C%20Sells%20Its%20Assets%20to%20Chappal%20Energies,-Written%20by%20Agency&text=Norwegian%20energy%20company%20Equinor%20has,three%2Ddecade%20presence%20in%20Nigeria.

Nawaoooo. Nigeria economy keep crumbling

International oil companies are being deliberately cut out of the international finance sector courtesy of one man's satanic policy to plunge the earth into global economic and financial chaos.

Economic Sustainable Goals was drafted by one man - Larry Fink who heads BlackRock Group.

BlackRock owns virtually every international corporation.

IOCs are no longer being financed by BlackRock owned banks citing climate change initiative.

They don't care about the climate, they just want to see an explosion in energy prices that will put the entire globe on its needs.

High energy cost translates to high food costs.

This is their grand plan in depopulating the world through an ochestrated man made global famine.

Oil is a vital component in agriculture . From fertilizers, to diesel powered tractors, pesticides to transporting and storage of food produce.

A major war is being waged on the world towards creating an impoverished, malnourished and heavily culled population so as to make the transition to global corporate statehood under the WEF complete.

The war in Ukraine is all coming from BlackRock
As it not only has seen to sanctions on Russian fertilizers and oil but also grain exports from both Ukraine and Russia .

BlackRock has since taken ownership of Ukraine and the war was not only to depopulate Ukraine but to take over its fertile lands and from there plant GMO crops.

DomPerignon:
International oil companies are being deliberately cut out of the international finance sector courtesy of one man's satanic policy to plunge the earth into global economic and financial chaos.

Economic Sustainable Goals was drafted by one man - Larry Fink who heads BlackRock Group.

BlackRock owns virtually every international corporation.

IOCs are no longer being financed by BlackRock owned banks citing climate change initiative.

They don't care about the climate, they just want to see an explosion in energy prices that will put the entire globe on its needs.

High energy cost translates to high food costs.

This is their grand plan in depopulating the world through an ochestrated man made global famine.

Oil is a vital component in agriculture . From fertilizers, to diesel powered tractors, pesticides to transporting and storage of food produce.

A major war is being waged on the world towards creating an impoverished, malnourished and heavily culled population so as to make the transition to global corporate statehood under the WEF complete.

The war in Ukraine is all coming from BlackRock
As it not only has seen to sanctions on Russian fertilizers and oil but also grain exports from both Ukraine and Russia .

BlackRock has since taken ownership of Ukraine and the war was not only to depopulate Ukraine but to take over its fertile lands and from there plant GMO crops.

How can BlackRock with market cap of just above 100$billion be able to cause this your purported global famine?

SadiqBabaSani:
How can BlackRock with market cap of just above 100$billion be able to cause this your purported global famine?

BlackRock controls a portfolio of investments worth over $12 Trillion USD.

BlackRock, Mainstreet and Vanguard all have joint portfolios close to $40Trillion


That $100bn figure you are quoting stems from pre Obama era before Obama okayed the Federal Reserves printing money to hand to BlackRock, Vanguard and Main Street to buy distressed banks and companies during the 2008 recession.

You need to keep up to speed.

DomPerignon:


BlackRock controls a portfolio of investments worth over $12 Trillion USD.

BlackRock, Mainstreet and Vanguard all have joint portfolios close to $40Trillion


That $100bn figure you are quoting stems from pre Obama era before Obama okayed the Federal Reserves printing money to hand to BlackRock, Vanguard and Main Street to buy distressed banks and companies during the 2008 recession.

You need to keep up to speed.

You are not making sense,stop reading too much of illuminati books,majority of them are mere fiction.

Flier:
You are not making sense,stop reading too much of illuminati books,majority of them are mere fiction.

How come Larry Fink has so much power to cut capital flows to whatever corporation he deems not woke enough ?

ESG is a BlackRock initiative forced down on the throats of nations and corporations .

Do you think a mere $100bn corporation can achieve so much sway in the realm of international financing ?

I know there are a lot of shills here from Bill Gates foundation shills to WEF shills but never thought BlackRock will have one up and running here.

I remember a topic I did here explaining how BlackRock rose from $100bn to a behemoth corporation holding over $12Trillion and how fast the topic was deleted.

Okay

Even companies dey japa lol

Thank God say I done move, Abeg who dey there lock all the airports.

In sabinus voice “Shut Down”

Our darling daddy has been shopping for their replacement. It’s sad to say goodbye, Equinor

Politicstoday:
Nawaoooo. Nigeria economy keep crumbling

What does selling of assets have to do with a crumbling economy?

Dunce.

That's it

Even multinationals don dey japa

Politicstoday:
Nawaoooo. Nigeria economy keep crumbling

you have to stop the bad leadership in Nigeria.

Jappa syndrome...
This is what apc and tinubu has brought upon us. A country which once operate a stable economy is today dwingling like a candle flame put outside....

Workers will be relived of their duties increasing the number of unemployed people

Workers will be relived of their duties.thereby increase the number of unemployed people...APC has destroyed the country....vote young and vibrant people into office..una say na old men who's past their productive years. dully blinded by tribe and religion....anyone above 70 years has passed the productive years..u might be intelligent and have all good knowledge of governance but old age has a way of slowing the mind processes down...underdeveloped country like Africa don't need old men in power ...because of weak institutions...this guys has been around before we re enter democracy in 1999 stayed throughout 16years of pdp in power only to fold up less than five years of APC administrations..it shows how clueless APC has been all this years

MrRichmond:
Even multinationals don dey japa

We have too many lazy people like you in the Federal Republic of Nigeria that add no value to society.

Sigh... ShopRite South Africans left for Nigerians to take over has lost all its glory till date.

Hmmm

Kingpele:
Workers will be relived of their duties increasing the number of unemployed people...APC has destroyed the country

Or you lazy minded things have destroyed the country? Just occupying & consuming oxygen with no value added.

Ommoh

Even the one that took over the company right now, will someday pack up like an Itel phone in no distant time.

HMM
not good signs

It is well

Roboto11:


What does selling of assets have to do with a crumbling economy?

Dunce.

answer your own question

Nightwolf1:
Even the one that took over the company right now, will someday pack up like an Itel phone in no distant time.

With this kind of mentality, it isn’t too hard to understand why you are suffering in your motherland.

Almijiri maybe you are not aware, that no one owes you anything in The Federal Republic of Nigeria.

Abi wahrah lawon Blackrock ni?

Why