Malabu to court: Stop FG, Shell, Agip from signing $13.5bn deal

Malabu Oil and Gas Limited yesterday asked the Federal High Court sitting in Abuja to stop Shell Nigeria Exploration and Production Company and Nigerian Agip Exploration Company Limited from signing the Final Investment Decision (FID) for the $13.5 billion Zabazaba Deep water Project located in Oil Prospecting Licence (OPL245) in the second quarter of the year. In the motion on notice marked FHC/ABJ/ CS/201/2017, Malabu Oil & Gas Ltd is also asking for an order of interlocutory injunction restraining the Federal Government and the Minister of Petroleum Resources from considering...The post Malabu to court: Stop FG, Shell, Agip from signing $13.5bn deal appeared first on New Telegraph Newspapers.
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