BUSINESSJun 29 · 12:41 UTCSEMAFORAlexander Onukwue

Sierra Leone grants oil block rights to Nigerian firm

Sierra Leone granted exploration rights for four offshore oil blocks to Nigeria’s Marginal Energy to boost investor interest in the industry. The move follows agreements with Shell and Eni to explore over 20 oil blocks and aligns with rising investment in sub-Saharan Africa’s upstream oil and gas sector.

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Mentioned

Sierra LeoneplaceMarginal EnergyorganizationNigeriaplaceShellorganizationEniorganizationSub-Saharan AfricaplaceDonald TrumppersonInternational Energy Agencyorganization

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