Royal Dutch Shell Plc’s Nigerian venture lost the right to operate an oil site after a court ruled the company wasn’t entitled to renew a lease first granted in 1989.
On Monday, the court of appeals in Nigeria’s capital, Abuja, overturned a 2019 ruling that granted Shell Petroleum Development Co. the right to renew its operating license for the Oil Mineral Lease 11 field. Those rights will transfer to the state-owned Nigerian National Petroleum Corp.
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August 20, 2021 at 05:31PM
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Shell Loses Nigeria Oil License to State Company in Court Ruling - Bloomberg
"oil" - Google News
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