Exxon Mobil Nigeria Sells Power Assets to Black Rhino Unit

 In news

Mobil Producing Nigeria, the local unit of Exxon Mobil, agreed “commercial terms” with Qua Iboe Power, for the sale of a power plant, gas and electricity transmission lines, Lagos-based co. says in emailed statement.

* Power plant to contribute 540MW to the national grid on completion;
* NOTE: Qua Iboe Power is a joint venture of Black Rhino, a unit of the Blackstone Group, and the Nigerian National Petroleum Corp. Source: Bloomberg

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