Shell in surprise £3bn Nigerian sell-off

Royal Dutch Shell to dispose of £3bn Nigerian oil fields, as government calls for more 'local control'.

The Anglo Dutch giant is apparently seeking to reduce its reliance on Nigeria – where it has been operating for 70 years - as a result of the government’s imposition of harsher terms on foreign businesses, due to start next month.

Although Shell’s operations in Nigeria have always been controversial – take the allegations that the firm was involved in the infamous events surrounding the death of Ken Saro-Wiwa in 1995 for example – the country has remained one of the key drivers of growth for Shell for many years. So the announcement marks a major shift in strategy for Shell.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 3 free articles every 90 days
  • Free email bulletins

Register Now

Take a free trial

Get 30 days unrestricted access to:

  • All the latest news, trends, and developments.
  • Exclusive interviews with CEOs and thought-leaders
  • MT Classroom - giving you an academic grounding without expensive courses
  • Management Matters and other in-depth content.
  • Daily bulletins straight to your inbox

Take a free trial today