Shell’s divestment could deal a fresh blow to the fiscal plan of the Nigerian government, about 90 per cent of whose revenue comes from oil, as it rebalances from the oil crash of 2020. Royal Dutch Shell will offload the last of its Nigerian assets in a move to rein back risks including sabotage attacks, crude thefts and litigations with host communities linked to operating in the turbulent investment climate of Africa’s largest oil producer and commit its future to cleaner energy elsewhere, the oil super-major said Tuesday. But the government wants Shell, with which it runs a joint venture vehicle called Shell Petroleum Development Company (SPDC), to at least retain onshore operations for now rather than undertake a complete exit from the country. “Nigeria is in its talks with Shell include handing over Shell’s stakes in the assets to the Nigerian Petroleum Development Co., the upstream arm of […]