Royal Dutch Shell PLC's Nigerian joint venture company lost the right to operate an oil exploitation location, after a court ruled that the Company was not entitled to renew the lease, first level in 1989. Royal Dutch Shell PLC lost the right to operate a oil exploitation location in Nigeria. Illustration. https: //kinhtexaydung.petrotimes
.vnhom 16/8, appellate court in Nigeria's Abuja capital, has turned back to 2019 ruling allowed Shell Petroleum Development Company Right to renew operating licenses for mineral oil mine Production 11. The rights will be transferred to Nigeria National Oil and Gas Group (NNPC) state ownership.Mele Kyari, CEO of NNPC said: "This is a great victory for the main coating and nigerians, because we are currently motivated to unlock oil and gas reserves responsible for the sake of all Nigerians "
shell" disappointed "before ruling and then Applying appeals, the company spokesman said in a statement. The spokesman said: "Although we believe that Royal Dutch Shell PLC's Nigerian joint venture has completed its obligations under the OML 11 Renewal Act, but our priority is still greedy Join Nigeria's authorities on available options to address a friendly way of issues around the lease contract "This decision is made correctly at the time Shell agrees to pay for the local community 111 million USD, in the oil spill dispute lasts decades related to OML 11. Shell faces lawsuits from Nigeria to Europe claiming environmental damage in the Niger River Delta. "The energy" giant "said they were in the process of escaping the oil position on land in Nigeria, because it was no longer in line with the company's long-term climate strategy. Shell pumped oil In Nigeria in half a century.kyari said Shell's next legal action would be "useless" by the company "unable to operate in the area Ogoni area of the block for more than 30 years ". A subsidiary of NNPC has taken over assets and operations" is operating effectively ", according to the company's statement.https: //kinhtexaydung.petrotimes.vnchivy
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