One of Nigeria’s leading energy giants, Shell Petroleum Development Company of Nigeria Limited (SPDC) has disclosed that the Shell Group would not go ahead with the divestment of its interest in SPDC until the outcome of outstanding litigation against the exercise. The Head of Corporate Relations at Shell Companies in Nigeria, Mr. Igo Weli, told THISDAY yesterday that as a law-abiding corporate citizen, Shell’s local subsidiary, SPDC, would also not take any action in respect of the review of the company’s portfolio. Weli, who debunked insinuations that the company wanted to exit Nigeria, stressed that the company only aimed to continue to grow its deepwater and gas positions under a stable and competitive investment climate. Weli added that the company would always conduct its businesses and operations in accordance with the laws, including any court orders. “We respect the Nigerian judiciary and recognise its role in upholding the rule […]