Shell Selling Two Nigerian Assets

Monday, July 23, 2018

Shell is reportedly in discussions to sell off two of its Nigerian oil licenses.The sale would include infrastructure assets such as a natural gas-fired power plant.

A Blomberg report said the assets are on the market for $2 billion and an indigenous firm is considering the purchase.

Discussions have been advanced at times but have run into hurdles at others as the Nigerian entity has yet to secure financing, according to the report.

« GO BACK

You may also like

" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">

Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential

" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">

African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage

" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">

Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine

" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">

Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt

" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">

Sintana Completes Well Testing at Mopane 1-X in Namibia

" alt="Infill Drilling to Resume at the Ceiba Field in Equatorial Guinea">

Infill Drilling to Resume at the Ceiba Field in Equatorial Guinea

" alt="Uganda National Oil Company Appoints New Executive">

Uganda National Oil Company Appoints New Executive

" alt="World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC">

World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC