November 13, 2011 / 9:45 PM / in 7 years

Shell completes sale of two Nigeria oil blocks: NNPC

ABUJA (Reuters) - Nigeria’s state-oil company NNPC said on Sunday that two local firms had completed the purchase of 45 percent stakes in two onshore oil blocks, previously owned by Shell (RDSa.L), Total TOTFA.PA and Eni (ENI.MI).

First Hydrocarbon Nigeria, owned by Afren AFRE.L, bought a 45 pct stake in OML 26, NNPC said in a statement. A consortium led by local firm Nestoil is buying the 45 pct stake in OML 42, the state-run firm said.

Reporting by Camillus Eboh; Writing by Joe Brock

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