By Tom Burgis in Lagos
Published: January 30 2010 03:20
Royal Dutch Shell is to sell its stake in three Nigerian oil-producing licenses, underlining its new chief executives cool stance towards what was long a mainstay of the groups operations.
In recent weeks fresh rumours have circulated that Shell was seeking to dispense of Nigerian assets worth billions of dollars.
Peter Voser, Shells new chief executive, said in October that the groups production in Nigeria had fallen to 120,000 barrels a day from 300,000 b/d before the start of a rebellion by militant groups in the Niger delta demanding a greater share of the regions oil wealth.
Mr Voser has said Shell is no longer depending on Nigeria for growth.
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