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Headline : Nigeria blocks Shells asset sale in the Niger Delta

Read more from the original article on here at www.citizen.digital.





Tags : #nigeria #blocks #shells #asset #sale #niger #delta


No. of Paragraph 11

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo

In a speech at an event in the capital Abuja, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) CEO Gbenga Komolafe said the Shell deal "could not scale (the) regulatory test," without elaborating.

A Shell spokesperson did not immediately respond to a request for comment.

Shell said in January that it had reached an agreement to sell its onshore oil and gas assets to the Renaissance consortium of five companies for up to $2.4 billion, allowing it to focus on deepwater and integrated gas investments.

Read more from the original article on here at www.citizen.digital.


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