Royal Dutch Shell’s revenues from assets sale in Nigeria is to hit $7 billion in four years as representatives of the company met with government on the final lapse of the sale of equity in Oil Mining Lease (OML) 29, the Nembe Creek Pipeline and other assets. Investigation by New Telegraph revealed that the Anglo- Dutch company had made $1.8 billion since the 2010 beginning of its divestment drive in Nigeria.
A source at the Ministry of Petroleum Resources told this newspaper at the weekend that Shell and representatives of the minister are already advancing talks on how to secure ‘minister’s consent’ for the sale of new assets. “The winners of these assets have also joined in the lobbying government for this approval,” he said.
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