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Wednesday, June 17, 2015

Oil Man, Kola Karim Buys Shell’s Airport For Commercial Use!

Oil man, Kola Karim has acquired an ‘airport’ of his own.

And he  is about to put it to commercial use.

Here are the details

Billionaire oil mogul Kola Karim have reportedly acquired an aircraft airport owned by oil company Shell Petroleum Development Company. A report in the daily indicated that Shell Petroleum Development Company of Nigeria sold the multibillion naira Warri airport to Kola Karim's Shoreline Energy International Limited and the new owner have since taken full possession of the facility in April.

The sale of the airport was said to be part of the strategic review of Shell’s operations in the eastern Niger Delta. The oil major had sold some of its oil blocks and interests in the area as part of the general divestment plan. The completion agreement for the deal was signed at Shell’s office in Marina, Lagos on March 4 and was witnessed by the Managing Director of Shell, Mr. Osagie Okunbor, and the Group Managing Director, Shoreline, Mr. Kola Karim.

The development means that commercial airlines, both scheduled and non-scheduled carriers, operating into and out of the airport, will now start paying fees to the new owner. The man of means will also park his private jets in the airport as cost saving with parking his private jets in other hangars in other airports.

Prior to construction of the airport, a small airstrip at Osubi had been created next to a congested part of the city of Warri in the 1960s. The runway of the airstrip was approximately 0.7 kilometres in length. There was a small terminal building and an aircraft hangar. Small charter aircraft of Aero Contractors and other firms provided services to the airstrip from Lagos

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