Shell Plc has agreed to sell its Nigerian onshore oil business to a local consortium for over USD 1.3 bln. This move aligns with Shell’s long-term objective to withdraw from the challenging environment of the Niger Delta, where it has faced issues such as oil spills and human rights accusations. Shell will continue its involvement in Nigeria through its natural gas and deep-water oil fields and will also provide the buyers with USD 1.2 bln in loans, along with additional cash payments upon completion of the deal.