PENGASSAN Rejects Planned Sales Of Shell, Ready To Embark On strike.

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has rejected the planned sale of Shell, the Nigerian onshore subsidiary of Shell Petroleum Development Company of Nigeria Limited, SPDC.
PENGASSAN’s General Secretary, Lumumba Okugbawa, disclosed this in a statement on Tuesday.
The development came barely a week after Shell agreed to sell its onshore assets to Renaissance, a consortium of five companies based in Nigeria and an international energy group, for up to $2.4 billion.
Reacting to the planned sale of SPDC, PENGASSAN claimed that the group being speculated to buy the company is an assemblage of unknown entities with no proven track record of managing such diverse assets. To this end, the association has put its members nationwide on strike notice.

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