Shell completes $1.7 billion sale of Nigerian assets to Aiteo

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ABUJA major Shell said Wendesday completed the sale of its 30 percent stake in the Nigerian oil block 29 and the Nembe Creek trunk line to Aiteo Eastern Exploration and Production Co for $1.7 billion.

Total and Eni’s Nigerian arms also assigned their interests of 10 percent and 5 percent, respectively, to Aiteo, which ended with a 45 percent interest in total for both assets.
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(Reporting By Julia Payne; Editing by Tim Cocks) (Reuters)

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