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Shell In Talks To Sell $2bn Nigeria Oil Assets - Business - Nairaland

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Shell In Talks To Sell $2bn Nigeria Oil Assets by Mediamerge: 10:25am On Jul 23, 2018
Energy Worth with Agency Report

Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the plan.

The Anglo-Dutch oil major is discussing selling oil mining licenses 11 and 17 to Heirs Holding Ltd., a company run by Nigerian tycoon, Tony Elumelu, the people said. Included in the sale are infrastructure assets such as a natural gas-fired power plant that would be managed by Transnational Corporation of Nigeria Plc, another company run by Elumelu, they said.

Read more...http://energyworthonline.com/2018/07/23/shell-in-talks-to-sell-2bn-nigeria-oil-assets/

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