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Monday, 4 October 2021

Aiteo sues Shell Petroleum for $2.5 bln over sales of OML 29

Aiteo sues Shell Petroleum for $2.5 bln over sales of OML 29: Aiteo Eastern Exploration and Production Company Limited has dragged Shell Petroleum Development Company (SPDC) over the sales of Oil Mining Licence 29, seeking the sum of over $2.5 billion compensation. Aiteo in the court summon dated July 27, 2021 alleged that Shell sold two Marginal Fields – ...

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