Abuja - Oil major Shell said on Wendesday it completed the sale of its 30% stake in the Nigerian oil block 29 and the Nembe Creek trunk line to Aiteo Eastern Exploration and Production for $1.7bn.
Total and Eni's Nigerian arms also assigned their interests of 10% and 5%, respectively, to Aiteo, which ended up with a 45% interest in total for both assets.