THE WALL STREET JOURNAL: Nigerian Senate Reiterates Demand Shell JV Pay $1.5B
“Nigeria’s senate Friday repeated a demand that an oil partnership led by Royal Dutch/Shell Group (RD, SC) pay $1.5 billion in compensation”
DOW JONES NEWSWIRES
September 3, 2004 10:44 a.m.
LAGOS — Nigeria’s senate Friday repeated a demand that an oil partnership led by Royal Dutch/Shell Group (RD, SC) pay $1.5 billion in compensation to a tribe it says has been harmed by the consortium’s activities in oil-rich Bayelsa state.
“Since we have passed the motion (last week), it must definitely be done,” said Senate President Adolphus Wabara, referring to efforts to force Shell Petroleum Development Co. to pay the amount.