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Shell Exits Nigeria Gas Business

2 entriesWed, Oct 14 – Fri, Oct 16Energy & Cleantech

Timeline

  1. Fri, Oct 16LatestUnverified — not yet reviewed

    Shell Sells Nigerian Gas Distribution Business to Local Firm Vaaris Energy

    Shell has agreed to sell its Nigerian gas distribution business to local company Vaaris Energy, continuing a pattern of major international oil companies divesting downstream Nigeria assets. Reporting has identified the principals behind Vaaris as the transaction draws attention to who is absorbing IOC exits from Nigeria's energy sector.

  2. Wed, Oct 14Unverified — not yet reviewed

    Shell Sells Nigeria Gas Distribution Business to Vaaris Energy

    Shell has agreed to sell its Nigerian gas distribution business to Vaaris Energy, continuing a trend of major international oil companies divesting their Nigeria downstream assets. The transaction adds to a visible pattern of IOC exit from Nigeria's energy sector.