By Onyedi Ojiabor 5 December 2011
The Senate has desrcribed as wrong reports that Shell Petroleum Development Company (SPDC) is planning to move out of the country because it ceded some of its investment to local operators.
In an interview with The Nation, Chairman, Senate Committee on Petroleum Resources (Upstream), Senator Emmanuel Paulker, shed some light on the report that some International Oil Companies (IOCs) including SPDC may have concluded arrangements to leave the country due to increasing insecurity in Abuja.