Showing posts with label divestment strategy. Show all posts
Showing posts with label divestment strategy. Show all posts

Wednesday, 26 November 2014

Host Community Opposes Sale of OML 29



The host community to the Oil Mining Lease (OML) 29 has opposed the intention of the federal government to sell the oil block to interested buyers.
Anglo Dutch oil giant, Shell, has been offering several of its onshore oil assets for sale to interested buyers as part of global divestment strategy.
However, the host community to OML 29, Nembe Bassambiri, Bayelsa State, in a position paper on Tuesday, said it rejected any purported divestment or sale by the Shell Petroleum Development Company of Nigeria Limited (SPDC), Nigerian Agip Oil Company Limited (NAOC) and