Royal Dutch Shell Plc  .com Rotating Header Image

Shell to spend $3.9 billion in Nigeria

Screen Shot 2013-06-21 at 23.24.39

June 21, 2013

AMSTERDAM (AP) — Royal Dutch Shell PLC says it will spend $3.9 billion on investments in Nigeria, including an effort to strengthen the Trans-Niger Pipeline that was shut down this week after it was damaged in a theft attack.

In a statement Friday, the company said it plans to spend $1.5 billion on the pipeline, which carries 150,000 barrels of crude per day and is located in the eastern Niger Delta. Shell operates in Nigeria via a joint venture that is majority-owned by the country’s state oil company.

Shell said it will also spend $2.4 billion on a series of five gas supply and infrastructure projects. The company estimates that they will have an expected peak production that will be the equivalent of 215,000 barrels of oil per day.

SOURCE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.