ABUJA, May 28 (Reuters) - Nigeria's president has ordered
the government to reduce all shares in joint venture oil
assets to 40 percent in the 2019 fiscal year, according to
budget documents released on Tuesday.
State oil company NNPC owns a 55 percent stake in its joint
venture with Royal Dutch Shell RDSa.L and 60 percent stakes in
others.
Other oil majors including Chevron CVX.N and ExxonMobil
XOM.N also operate joint ventures with the NNPC.