Shell divests Nigeria gas assets

Royal Dutch Shell has announced the complete sale of its stake in Shell Nigeria Gas, a company specializing in domestic gas distribution in Nigeria, to Nigerian company Fares Energy. This move is part of Shell’s efforts to reorganize its business portfolio and focus on oil and gas activities and simplification, following its shift toward renewable energy. Both companies did not disclose the value of the deal, and Shell is currently concentrating on oil and gas exploration operations in deep waters off Nigeria.

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