Africa Oil & Gas: Shell Selling Two Nigerian Assets

shellShell is reportedly in discussions to sell off two of its Nigerian oil licenses.The sale would include infrastructure assets such as a natural gas-fired power plant.

A Blomberg report said the assets are on the market for $2 billion and an indigenous firm is considering the purchase.

Discussions have been advanced at times but have run into hurdles at others as the Nigerian entity has yet to secure financing, according to the report.

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