Nexus Says Not Discussing Pipeline Financing With NNPC
by Bloomberg
|
Ruth Olurounbi | Sunday, January 04, 2026 | 7:00 AM EST
Nexus Alliance said it was not in talks with the Nigerian National Petroleum Co. about financing pipeline upgrades.
Image by Kreativorks via iStock
Nexus Alliance said it was not in talks with the Nigerian National Petroleum Co. about financing pipeline upgrades.
The Nigerian oil firm was discussing raising $2 billion early this year and using the money to repair and upgrade damaged pipelines while reducing leaks, Bloomberg reported on Dec. 29 citing people with knowledge of the matter.
An NNPC spokesperson did not immediately respond to a request for comment.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.