Total To Sell 12.5% Stake In Nigerian Oil Block

French oil major, Total is seeking to sell its 12.5 per cent stake in the giant Bonga deepwater oilfield off the coast of Nigeria, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion.

Reuters quoted banking and industry sources as saying that the stake in Oil Mining Lease (OML) 118, which is located some 120 kilometres (75 miles) off the Niger Delta, is…

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