Shell Allowed to Appeal $1.8 Billion Nigerian Court Order
- Dispute has stopped Shell from completing asset sales
- Shell appealing order to compensate community over oil spill
This article is for subscribers only.
Nigeria’s Supreme Court said a Shell Plc subsidiary can appeal rulings in a dispute over a judgment directing the company to pay compensation over alleged pollution as the standoff holds up the oil giant’s efforts to sell assets in the West African country.
On Friday, the highest court in Africa’s largest economy allowed an application made by Shell’s local unit and its joint venture partner, the state-owned Nigerian National Petroleum Co. They are challenging a November 2020 ruling by a federal court ordering the Shell subsidiary to pay 800 billion naira ($1.8 billion) to residents of the crude-rich Niger Delta over an alleged oil spill.