PENGASSAN Rejects Planned Sale of Shell’s Assets, Raises Concerns Over Unknown Buyers

The Petroleum and Natural Gas Senior Staff Association/ of Nigeria (PENGASSAN) has expressed strong opposition to the planned sale of Shell’s assets, citing concerns over the identity of the potential buyers. The rejection by PENGASSAN highlights the importance of transparency and stakeholder engagement in major transactions within the oil and gas sector.

The decision to resist the planned sale indicates the union’s apprehension about the potential impact on its members and the broader implications for the Nigerian oil and gas industry. PENGASSAN is seeking clarity on the identity and intentions of the buyers, emphasizing the need for transparency in transactions that could significantly influence the sector’s dynamics.

The sale of assets within the oil and gas industry often triggers discussions around job security, workers’ welfare, and the overall stability of the sector. PENGASSAN’s stance reflects the union’s commitment to safeguarding the interests of its members and ensuring that any change in ownership or operation is carried out in a manner that aligns with industry best practices.

As Infostride News closely monitors developments related to the planned sale of Shell’s assets, we will provide comprehensive coverage, including updates on PENGASSAN’s engagement with relevant stakeholders, statements from the involved parties, and any potential implications for the workforce and the industry at large. Stay tuned for in-depth analysis and insights into how this resistance by PENGASSAN shapes the narrative around the sale of key assets in the Nigerian oil and gas sector.