Oil & Gas
THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed as baseless the news report that it has approved the sale of Shell’s $1.3 billion assets.
NUPRC stated this in a statement on Wednesday, by Olaide Shonola, head, Public Affairs and Corporate Communication, stating that its “attention been drawn to a publication in the Busnessday of September 11, 2024, purporting that the Commission has accepted Shell International Plc’s bid to sell its onshore assets to Renaissance in a transaction worth $1.3 billion.”
According to the regulatory body. “It must be firmly stated that the information contained in the publication did not emanate from the Commission.
“As part of the Commission’s commitment to transparency and accountability, it will communicate its position on the transaction to the public at the appropriate time.
“Industry stakeholders and the general public are advised to disregard the publication as it is baseless.”
A.I
Sept. 12, 2024
Tags: Olaide Shonola
