Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses for $2 billion in an area at the heart of environmental and human rights controversies, according to Bloomberg.
The Anglo-Dutch oil major is discussing selling oil-mining licenses 11 and 17 to Heirs Holding, a company run by Nigerian-tycoon Tony Elumelu. Included in the sale are infrastructure assets such as a natural gas-fired power plant that would be managed by Transnational Corporation of Nigeria Plc, another company run by Elumelu.
Shell discovered oil in the Niger Delta in the 1950s and became among the biggest producers in the West African nation.
