EXCLUSIVE: OML 29: Aiteo, Shell, AFC, banks settle ‘$1.9bn’ facility dispute
Aiteo Eastern E&P Company Limited has reached a settlement with Africa Finance Corporation (AFC), Shell Western Supply and Trading Limited, and eleven commercial banks and financial institutions over disputes bordering on Oil Mining Lease (OML) 29 and associated loan facilities worth over $1.9 billion extended to Aiteo by the lenders. The post EXCLUSIVE: OML 29: Aiteo, Shell, AFC, banks settle ‘$1.9bn’ facility dispute appeared first on Nairametrics .
AI summary
Aiteo Eastern E&P Company Limited has reached a settlement with Africa Finance Corporation (AFC), Shell Western Supply and Trading Limited, and eleven commercial banks and financial institutions over disputes bordering on Oil Mining Lease (OML) 29 and associated loan facilities worth over $1.9 billion extended to Aiteo by the lenders.
The post EXCLUSIVE: OML 29: Aiteo, Shell, AFC, banks settle ‘$1.9bn’ facility dispute appeared first on Nairametrics.
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About this article
- Length
- 68 words · 1 min read
- Published
- October 30, 2026
- Byline
- Emeka Onyeks
- Source
- Nairametrics