New NNPC managing director calls for deregulation of oil, gas sector

LAGOS: The new head of Nigeria's state oil company has said the country's fuel subsidy was an unsustainable drain on the economy, calling for deregulation of the oil and gas sector.

India to sell $1.5bn stake in oil firm

NEW DELHI: India said Friday it will sell a 10 percent stake in top performing state-run refiner Indian Oil Corporation, the latest effort to raise money to plug the fiscal deficit.

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