Renaissance Africa Energy has announced the execution of a significant transaction with Shell PLC to buy its full stake in Shell Petroleum Development Company
Delaying the transaction will only impact the growth of the industry, and Nigeria stands to serve as an example of how the successful transfer of oil assets from an international major to local players can advance the industry.
The recently announced Shell assets sale in Nigeria have some notable Nigerian billionaires and a Gabonese among the consortium members behind the deal.
African Energy Chamber (AEC), as the voice of the African energy sector, has strongly urged the Nigerian government to take a fast-tracked approach to approving the decision by British multinational oil and gas company, Shell,
Shell to Sell Nigerian Onshore Assets to Consortium: African Energy Chamber (AEC) Calls for Fast-Tracked Approval venturesafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from venturesafrica.com Daily Mail and Mail on Sunday newspapers.