[Deal] Shell Sells Warri Airport to Local Energy Firm

Oil giant, Shell has implemented the decision to sell its airport in Warri, Delta state. The move is coming as part of its ongoing review of its operations in the eastern Niger Delta.

Shell Petroleum Development Company of Nigeria sold the multi-billion Naira Warri airport to an indigenous energy and infrastructure company, Shoreline Energy International Limited, with reports now indicating that Shoreline Energy International has taken full possession of the facility.

The sale of the airport was said to be part of the strategic review of Shell’s operations in the Eastern Niger Delta which has seen the oil major selling off some of its oil blocks and interests in the area as part of the general divestment plan.

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A spokesperson for Shell, Mr. Bamidele Odugbesan, who confirmed the development yesterday, said it was a strategic review and not an indication that Shell was divesting from the country.

“This does not mean we are reducing our investments in Nigeria. What we have invested in Nigeria in recent years has exceeded the divestment of our interests in the Eastern Niger Delta. It is just part of the review of our business portfolio,” Odugbesan explained.

On the amount the airport was sold for, he said Shell would not be able to disclose some confidential financial details of the transaction.

The development means that commercial airlines, both scheduled and non-scheduled carriers, operating into and out of the airport, will now start paying fees to the new owner.