Spotlight: Nigeria’s New Oil Barons – Heirs Energies, Seplat, and the Battle for Africa’s Energy Future
When Heirs Energies announced its acquisition of Maurel & Prom’s 20.07% stake in Seplat Energy, valued at roughly $500m and financed with a hefty $750m loan from Afreximbank; it was more than a corporate transaction. It was a statement of intent. At a time when Western oil majors are fleeing African hydrocarbons and global capital […]