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Shell fuel cards news: Company 'denies sale of Nigerian assets'

05 February, 10
Drivers with Shell fuel cards have been told that the company has no plans to sell its Nigerian oil assets.

Media speculation has existed for some time that the oil giant is keen to offload its assets in the African nation, with talks between the company and the Nigerian oil ministry thought to have stalled in the absence of president Umaru Yar'Adua.

He has been unable to attend negotiations as he has been in a Saudi Arabian hospital for more than two months, where he is receiving treatment for a heart condition.

But the Nigerian government has insisted that the Anglo-Dutch firm has no plans to sell its leases in the coming months.

"In terms of a large, significant divestment, they simply haven't told us. When I asked top Shell executives, they denied it," Odein Ajumogobia, state minister for petroleum resources, told Dow Jones Newswires.

He added that some "small transactions" involving Shell and Nigerian companies had been agreed.

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Posted by James RichmondADNFCR-2675-ID-19600757-ADNFCR

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Shell fuel cards news: Company 'denies sale of Nigerian assets'