Afren news 2019
Here are some notable news stories related to Afren, a British oil and gas company, from 2019:
- Afren's assets sold to Vitol: In January 2019, Afren's assets were sold to Vitol, a Dutch energy trading company, for $1.2 billion. The deal included Afren's interests in the Ebok and Okoro oil fields in Nigeria.
- Afren's former CEO arrested: In February 2019, Afren's former CEO, Osman Shahenshah, was arrested in London on suspicion of fraud and money laundering. Shahenshah was accused of misusing company funds and making false statements to investors.
- Afren's financial struggles: In March 2019, Afren announced that it was facing financial difficulties and was seeking to restructure its debt. The company had been struggling to recover from a decline in oil prices and had accumulated significant debt.
- Afren's Nigerian assets sold to Seplat: In April 2019, Seplat, a Nigerian oil and gas company, acquired Afren's interests in the Ebok and Okoro oil fields in Nigeria for $230 million.
- Afren's former CFO charged: In May 2019, Afren's former CFO, Munir Yanin, was charged with fraud and money laundering in connection with the company's financial struggles.
- Afren's liquidation: In June 2019, Afren's liquidators announced that the company would be wound down and its assets sold off to pay off creditors. The liquidation process was expected to take several months.
These are just a few of the notable news stories related to Afren from 2019. The company's financial struggles and asset sales dominated the headlines throughout the year.