{"id":38389,"date":"2022-08-09T11:25:55","date_gmt":"2022-08-09T11:25:55","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=38389"},"modified":"2022-08-09T11:25:55","modified_gmt":"2022-08-09T11:25:55","slug":"status-quo-remains-in-share-sale-by-exxonmobil-to-seplat-energy-nuprc","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/08\/09\/status-quo-remains-in-share-sale-by-exxonmobil-to-seplat-energy-nuprc\/","title":{"rendered":"Status quo remains in share sale by ExxonMobil to Seplat energy -NUPRC"},"content":{"rendered":"

The Nigerian Upstream Petroleum Regulatory Commission<\/a> (NUPRC) jas affirmed that status quo remains in respect to ExxonMobil\/Seplat Energy share acquisition.<\/p>\n

Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on Monday in Abuja.<\/p>\n

Reports have it that President Muhammadu Buhari on Monday, consented to the acquisition of ExxonMobil shares in the U.S.A by Seplat Energy Offshore Limited.<\/p>\n

Responding to media enquiries on latest development about the transaction, Komolafe clarified that NUPRC, in line with provisions of the Petroleum Industry Act 2021 was the sole regulator in dealing with such matters in Nigerian upstream sector.<\/p>\n

He said as it were, the issue at stake was purely a regulatory matter and the commission had earlier communicated the decline of Ministerial Assent to ExxonMobil in this regard.<\/p>\n

The CCE said as such the Commission further affirmed that the status quo remained.<\/p>\n

\u201cThat position remains the status quo and to the best of our knowledge as a regulator nothing has changed.<\/p>\n

\u201cThe Commission is committed to ensuring predictable and conducive regulatory environment at all times in the Nigerian upstream sector,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) jas affirmed that status quo remains in respect to ExxonMobil\/Seplat Energy share acquisition. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on Monday in Abuja. Reports have it that President Muhammadu Buhari on Monday, consented to the acquisition of ExxonMobil shares in […]<\/p>\n","protected":false},"author":4,"featured_media":38089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[11],"tags":[3993],"class_list":["post-38389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-development"],"yoast_head":"\nStatus quo remains in share sale by ExxonMobil to Seplat energy -NUPRC » BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/08\/09\/status-quo-remains-in-share-sale-by-exxonmobil-to-seplat-energy-nuprc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Status quo remains in share sale by ExxonMobil to Seplat energy -NUPRC\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) jas affirmed that status quo remains in respect to ExxonMobil\/Seplat Energy share acquisition. 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