The Shell Petroleum Development Company (SPDC) has opened up to Platforms Africa on the bickering between it and AITEO Eastern E&P Company Limited, over crude oil metering disagreement, which has led a Federal High Court Sitting in Lagos, Nigeria’s commercial capital, to block its accounts in 20 commercial banks. The company, insisted in a statement sent to this fastest growing Africa-focused online newspaper that it believed that “the freezing injunction was obtained by Aiteo without any valid basis.” Here is the full statement issued by Bamidele Odugbesan, Media Relations…
Read MoreShell opens up on $2.7bn oil row with Aiteo, moves to get accounts unfrozen
