Exxon to Increase Oil Production in Nigeria

Exxon will boost crude oil production in Nigeria by an additional 40,000 barrels per day, Nigerian President Bola Tinubu’s spokesman Ajuri Ngelale said in a statement on Tuesday. Nigeria has long had aspirations for increasing its crude oil production, most recently promising to boost production to 1.7 million barrels per …

Read More »

Aramco to Acquire a 100pc Equity Stake in Esmax

Aramco has agreed to purchase a 100 per cent equity stake in Esmax Distribusción from Southern Cross Group, a Latin America-focused private equity company. The transaction is subject to certain customary conditions, including regulatory approvals. Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence …

Read More »