By Admin 
Renaissance Africa Energy Holdings says it has successfully completed the acquisition of Shell’s 100 percent equity holding in the Shell Petroleum Development Company of Nigeria (SPDC).
The company announced the development in a statement on Thursday.
Speaking of the acquisition, Tony Attah, managing director and chief executive officer (CEO) of Renaissance Africa said, “We are extremely proud to have completed this strategic acquisition”.
“The Renaissance vision is to be “Africa’s leading oil and gas company, enabling energy security and industrialisation in a sustainable manner.
“We and our shareholder companies are therefore pleased that the Federal Government has given the green light for this milestone acquisition in line with the provisions of the Petroleum Industry Act.