The proposed sale of Shell's onshore assets to a consortium of local companies in Nigeria is facing some issues according to the country's upstream oil regulator.
Olu Verheijen, who serves as a special adviser on energy to President Bola Tinubu, is confident that these concerns will be resolved promptly. Verheijen believes that the resolution will be in line with the government's objective of facilitating the exit of international oil companies from the Nigerian market.
This development is part of ongoing efforts to increase local participation in the oil sector.