American
oil giant Chevron took a decision last year to pull out of three oil assets in
Nigeria and put them up for sale. The decision followed what has gradually
become a successful process that has seen a few international oil companies
such as Shell, Agip, ConocoPhillips transfer assets to indigenous oil producers
through bidding rounds.
However,
in this first attempt by Chevron to sell its 40 percent stake in Oil Mining
Leases (OMLs) 52, 53 and 55, the American oil company appears to want to sour
this success story by attempting to change the rules it set when it invited
bids for the assets, writes OLUSOLA BELLO and FEMI ASU.
Now
in the Supreme Court over the alleged breach of the bid process of its
divestment of interest in three oil blocks, Chevron has added a new chapter to
the
