Nigerian oil minister Timipre Sylva confirmed on May 19 that the government is in talks with Shell over sale of the company's stakes in Nigeria's onshore oil assets.
Shell to offload onshore Nigerian oil assets in bid move to cleaner energy
Shell’s divestment could deal a fresh blow to the fiscal plan of the Nigerian government, about 90 per cent of whose revenue comes from oil, as it rebalances from the oil crash of 2020.
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Royal Dutch Shell will offload the last of its Nigerian assets in a move to rein back risks including sabotage attacks, crude thefts and litigations with host communities linked to operating in the turbulent investment climate of Africa’s largest oil producer and commit its future to cleaner energy elsewhere, the oil super-major said Tuesday.
Nigeria confirms it is in talks with Shell over sale of onshore oil assets | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Nigeria commissions LPG plant at Oredo
Nigerian President Muhammadu Buhari has officially inaugurated Nigerian Petroleum Development Co.’s (NPDC) integrated gas handling facility at Oredo.
The Oredo processing plant
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Nigerian President Muhammadu Buhari has officially inaugurated Nigerian Petroleum Development Co.’s (NPDC) integrated gas handling facility at Oredo.
Located in Edo State’s OML 111, the facility will receive gas from the Oredo field and should halt flaring.
Nigeria: Crude Oil Remittance - Court Upholds $1 7bn Arbitral Award in Favour of NPDC allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.