The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that it will communicate its position on the transaction to the public at the appropriate time.
Head, of Public Affairs and Corporate Communication, NUPRC, Mrs Olaide Shonola, in a statement on Wednesday, said a report that the commission has accepted the transaction is incorrect.
The statement was titled: “Re-Boon for Nigeria as Shell’s $1.3bn assets sale gets regulatory nod.”
Shonola said: “The attention of the NUPRC has been drawn to a publication purporting that the Commission has accepted Shell International Plc’s bid to sell its onshore assets to Renaissance in a transaction worth $1.3 billion.
“It must be firmly stated that the information contained in the publication did not emanate from the Commission.
“As part of the Commission’s commitment to transparency and accountability, it will communicate its position on the transaction to the public at the appropriate time.
“Industry stakeholders and the general public are advised to disregard the publication as it is baseless.”
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