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Shell Completes USD533 Million Sale Of Oil Mining...

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Shell Completes USD533 Million Sale Of Oil Mining Lease 17 In Nigeria

Shell Completes USD533 Million Sale Of Oil Mining Lease 17 In Nigeria
Fri, 15th Jan 2021 16:41
(Alliance News) - Royal Dutch Shell PLC on Friday said it has now sold its 30% interest in oil mining lease 17, located in the Eastern Niger Delta, for USD533 million.
The 30% interest was sold to TNOG Oil & Gas Ltd, a related company of Heirs Holdings Ltd and Transnational Corp of Nigeria PLC with USD453 million paid at completion with the balance to be paid later.
Completion of the sale follows approvals from Nigeria s federal government.
Shell Petroleum Development Co of Nigeria Ltd, which sold the stake, will keep its interest in the Port Harcourt and residential areas that fall within the lease areas. ....

Port Harcourt , Niger Delta , Nigeria General , Osagie Okunbor , Janna Farley , Nigeria Ltd , Alliance News , Oil Gas Ltd , Shell Petroleum Development Co , Nigerian Agip Oil Co Ltd , Other Shell Petroleum Development Company Of Nigeria , Royal Dutch Shell , Heirs Holdings Ltd , Transnational Corp , Dutch Shell , Eastern Niger Delta , Gas Ltd , Shell Petroleum Development Company , All Rights , போர்த் ஹர்கார்ட் , நைஜர் டெல்டா , நைஜீரியா ஜநரல் , அண்ணா ஃபார்லீ , நைஜீரியா லிமிடெட் , கூட்டணி செய்தி , எண்ணெய் வாயு லிமிடெட் ,