By Sven Ridley-Wordich
27 Jan 2008 at 02:19 PM GMT-05:00
AMSTERDAM (ResourceInvestor.com) — In the next few days, British Dutch oil and gas major Shell [NYSE:RDS-B] could be faced with increased problems. Nigeria, Shell’s major upstream operations area, is set for new discussions regarding Shell’s operations and investments.
The last days, Nigerian news sites have been buzzing with assessments on the possibility of an increased crisis between the oil major and the Nigerian government, as both parties seem to be heading toward different targets. On Friday, January 25, Shell’s CEO Jeroen van der Veer and Nigeria’s president Umaru Yar’Adua will meet in Davos, Switzerland, where both are taking part in the annual meeting of the World Economic Forum.
Some days ago, Van der Veer said he is prepared to discuss all issues pending, such as renewed contract discussions, the gas flaring issue and possible new investment schemes. Analysts, however, think both leaders will also discuss the growing unease Shell and others are feeling about the unwillingness of the Nigerian government to deal effectively with the Niger Delta uprising, which has resulted in the shutdown of more than 450,000 bpd of crude oil. read more
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