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Nigerian billionaire Tony Elumelu is in talks with the Royal Dutch Shell Plc for the purchase of two of his Nigerian oil badets in the Niger Delta region, sources have reported to Bloomberg [19659003]. Permits 11 and 17 of the oil giant could be sold for $ 2 billion
According to the report, infrastructure badets such as a natural gas-fired power plant that would be managed by Transnational Corporation of Nigeria Plc are included in the sale, Shell
Shell plans to sell its Niger Delta badets while conflicts, militant attacks and environmental pollution charges fuel a major concern for the company Anglo-Dutch.
ALSO READ: Tony Elumelu: How the Elegant Banker Makes and Spends his Money
The Company Sold Thousands of Dollars of Niger Delta's Assets Over the Last Decade and the last sale would leave Sh ell focused on its deep water activities where the risks of attacks against infrastructure and theft are relatively low.
Heir Holdings Limited and Shell, however, declined to comment on the planned sale.
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