Vitol, Glencore, and Shell—the three biggest oil traders in the world—are in the running to buy the Nigerian oil assets of Brazil’s state oil firm Petrobras, Reuters reported on Thursday, quoting banking and industry sources in the know. As part of its asset sale program aimed at raising billions of U.S. dollars and reducing its huge debts, Petrobras launched in November last year a sales process for its Nigerian assets, putting on the block its 50 percent interest in Petrobras Oil & Gas B.V. (POGBV)—a joint venture in which BTG Pactual E&P BV holds 40 percent, and Helios Investment Partners the remaining 10 percent. The joint venture that Petrobras looks to exit holds stakes in two deepwater blocks offshore Nigeria that contain the Akpo and Egina fields operated by France’s Total and the Agbami field operated by U.S. supermajor Chevron. In March this year Petrobras moved on to the […]