The oil giant is selling its Niger Delta subsidiary – but lending the new owners the money for the purchase
By Andy Rowell and James Marriot Published 6-6-2024 by openDemocracy
Nigerian activists believe Shell’s apparent end to its 87-year operation in the country is an effort to avoid its legal responsibilities while holding onto the potentially profitable side of the business.
In January, the oil giant revealed it had “reached an agreement to sell its Nigerian onshore subsidiary” to Renaissance, a consortium of four Nigerian oil firms and one based in Switzerland.
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