The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected the planned sale of Shell’s onshore assets, claiming the group being speculated to buy up the assets is unknown to it. On January 16, Shell said it would sell its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), for a consideration of $1.3 billion, with buyers making an additional payment of up to $1.1 billion relating to prior receivables at completion. A week later, PENGASSAN issued a statement, saying the purported group is an assemblage…
Read MoreWhy We Rejected Planned Sale Of $2.4bn Shell’s Onshore Assets – Oil Workers
