Shell gets approval to sell onshore oil business in Nigeria

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 78%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Renaissance Africa Energy Company Limited said the approval marks a significant step forward from the announcement of the Sale and Purchase Agreements in January.

Despite UNICEF’s endorsement, Nigeria’s only open defecation-free state struggles with human faecesBeneath the Surface: The Dark World of Illicit Tin Mining in PlateauEditorialAn accidental Christmas story, By Azu IshiekweneShamseldeen Ogunjimi: Assumption of Nigeria’s acting AGF amidst fiscal reforms, By Rahma OladosuDespite UNICEF’s endorsement, Nigeria’s only open defecation-free state struggles with human faecesBeneath the Surface: The Dark World of Illicit Tin Mining in PlateauEditorialAn...

“Renaissance Africa Energy Company Limited is pleased to announce that the Minister of Petroleum Resources has granted his consent to the sale of the Shell Petroleum Development Company to Renaissance. This approval marks a significant step forward from the announcement of the Sale and Purchase Agreements in January 2024,” the statement said.with a consortium of five companies, setting the scene for the latter to acquire its onshore business in the country.

The deal is a relief for Shell, which has sought to offload the assets since 2021 because running them has been complicated by sabotage, theft and spills, some of which have sparked litigations and environmental liabilities.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Renaissance Africa Energy Acquires Shell Petroleum Development CompanyNigerian oil and gas consortium, Renaissance Africa Energy, receives ministerial approval for the acquisition of SPDC, set to reshape Nigeria's energy landscape.
La source: NigeriaNewsdesk - 🏆 10. / 63 Lire la suite »