By Michael Eboh, 7 August 2013
Shell Nigeria, Wednesday, denied claims that its parent company, Royal Dutch Shell, lost $700 million (N112 billion) in second quarter 2013, due to crude theft and other sundry issues in Nigeria, saying that the actual amount lost to operational difficulties in Nigeria is $250 million (N40 billion).
The statement by Shell spokesperson, Mr. Precious Okolobo said, “We wish to correct some wrongful interpretation of aspects of Shell Group earnings in second quarter (Q2) earnings as announced on August 1, 2013, by our CEO, Peter Voser.