Shell to divest Nigerian onshore oil operations amid environmental concerns - News Summed Up

Shell to divest Nigerian onshore oil operations amid environmental concerns


Shell's proposal, if approved without restrictions by the Nigerian government, could limit the oil giant's liability for decades of environmental pollution. Taiwo Adebayo reports for Associated Press. In short:Shell has agreed to sell its onshore oil business in Nigeria's Niger Delta to a consortium for $2.4 billion, aiming to reduce its West African footprint. The sale faces scrutiny from activists demanding Shell address longstanding environmental damages before finalizing the deal. The Nigerian government's approval is required for the sale, involving assets primarily owned by the national oil company NNPC.


Source: Washington Post January 19, 2024 22:15 UTC



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