The proposed plan by British oil giant, Shell to sell its onshore assets, Shell Petroleum Development Company Limited (SPDC) to the Renaissance group may have run into troubled waters as oil workers have opposed the proposed sale.
Shell had on January 16, 2023, announced that it had reached an agreement to sell its Nigerian onshore oil assets to a local consortium for over $1.3 billion, pending government approval.
Reacting to the development, oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) rejected the planned sale insisting that the group being speculated to acquire these assets is unknown to it.
