Royal Dutch Shell Plc  .com Rotating Header Image

Bloomberg: Oando to Pay Shell $625.7 Million for Two Nigerian Oil Licenses

By Ron Derby

Feb. 25 (Bloomberg) — Oando Plc, Nigeria’s biggest retailer of petroleum products, said it will pay $625.7 million for Shell Nigeria Exploration and Production’s 49.8 percent stake in offshore licenses 125 and 134.

Oando confirmed the transaction in a statement distributed by the Stock Exchange News Service in Johannesburg today.

To contact the reporter on this story: Ron Derby in Johannesburg at [email protected]

Last Updated: February 25, 2008 05:06 EST

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Bloomberg: Oando to Pay Shell $625.7 Million for Two Nigerian Oil Licenses”

Leave a Comment

%d bloggers like this: