Tony Elumelu’s Heirs Energies and state giant NNPC lose oil block bids to little-known firms

Nigeria’s largest licensing round since the enactment of a new petroleum law in 2021 saw several established oil and gas producers leave empty-handed, while lesser-known companies dominated the winners’ list.

Tony Elumelu’s Heirs Energies and state giant NNPC lose oil block bids to little-known firms
Nigeria’s largest licensing round since the enactment of a new petroleum law in 2021 saw several established oil and gas producers leave empty-handed, while lesser-known companies dominated the winners’ list.