Petroleum Africa
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Thursday, March 6, 2014
Glencore confirmed media reports that it is one of the firms interested in picking up assets owned by Shell in Nigeria. Earlier reports had both Glencore and fellow oil trader Mercuria making the shortlist of companies looking to pick up some of Shell’s assets in Nigeria.
The Nigerian assets that Shell, ENI, and Total are selling are said to be worth around $3 billion.
“We are always interested in every assets that comes for sale. We always look at it and check if we can satisfy our returns criteria,” Glencore’s chief executive Ivan Glasenberg said at a presentation of the company yearly results.
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