Anglo-Dutch oil giant Shell is to pull out of its oil activities in Niger Delta, its managing director in the country told the NRC in an interview on Friday.
Friday 02 August 2013
Anglo-Dutch oil giant Shell is to pull out of its oil activities in Niger Delta, its managing director in the country told the NRC in an interview on Friday.
‘We are leaving,’ Mutiu Sunmonu told the paper. The ‘recklessness’ and size of oil thefts are forcing Shell to halve its activities in the country.
On Thursday, CEO Peter Voser talked of ‘divestment’ in Nigeria during the presentation of the company’s second quarter results. He gave the ‘challenges’ in Nigeria as one reason why Shell booked disappointing results.