BRIEF: Nigeria takes over OML 11 from Shell

Shell

Nigeria’s national oil company, the Nigerian National Petroleum Corporation, NNPC, has been directed to take over the operation of oil mining lease, OML 11.

In a memo posted on Twitter and sighted by our energy correspondent, the presidency of Nigeria has directed the takeover due to ‘delicate tension in Ogoniland,’ in Nigeria’s Niger Delta region.

Shell is yet to comment on the matter.