I was very elated when the news broke recently of the acquisition of OML 17 by Heirs Holding and Transcorp through their sister company TNOG Oil and Gas Limited. The 45% stake in the oil bloc was acquired from Shell, Total and Eni for the princely sum of $1.1 billion. The oil industry – the goose that lays the golden egg for the nation is dominated by the foreign international oil companies with the indigenous players playing a mere fringe…
