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Reuters: Africa key to meeting world energy demand – Shell

Wed Nov 15, 2006 1:20 PM GMT
 
CAPE TOWN (Reuters) – Royal Dutch Shell Plc said on Wednesday that Africa would play an important role in ensuring that the world had enough energy to meet its needs in the coming decades.

The resource-rich but impoverished continent has become a key battleground for oil giants scrambling to meet strong global demand for oil, gas and other types of energy. Royal Dutch Shell is among the firms with significant operations in Nigeria, Libya and other parts of Africa.

“Africa has a clear role to play in energy security for future generations,” Koos Beurskens, the Anglo-Dutch firm’s general manager for gas and power in South Africa, said at the Africa Upstream 2006 oil conference in Cape Town.

Beurskens, however, added that civil unrest and problems ensuring security in some African nations posed a challenge to companies operating on the continent.

Royal Dutch Shell, which reported unexpectedly robust third-quarter earnings last month in step with high oil prices, has been impacted by local unrest in Nigeria, the largest oil producer in Africa.

Earlier this year, the company shut down oilfields pumping 500,000 barrels a day in the Niger Delta, a heartland for the west African nation’s oil sector, after a wave of militant attacks.

Those attacks were staged by a group called the Movement for the Emancipation of the Niger Delta, which is campaigning for spill compensation, more regional control over the delta’s oil wealth and freedom for two jailed leaders from the region.

Last month, protesters in Nigeria’s Rivers State invaded facilities operated by Western oil companies, including Royal Dutch Shell, hitting output in the world’s eighth largest oil exporter by 62,000 barrels per day.

© Reuters 2006. All Rights Reserved.

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1 Comment on “Reuters: Africa key to meeting world energy demand – Shell”

  1. #1 caroline lecointe
    on Nov 26th, 2006 at 09:55

    Dear Sir or Madam

    I am a french student. Currently, I am doing a master thesis on Nigerian environnement and his sustainable development in relation with the petroleum.

    I would like to know more information about this subject. That is why, I would like to get in touch with a person of Shell who can answer me about few question.

    Could you send me a e-mail contact.

    I look forward to hearing from you in the near future.

    Thanks

    caroline lecointe
    [email protected]

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