Royal Dutch Shell Plc  .com Rotating Header Image

Nigeria signs $3.1 bln funding deal with Shell

 

Reuters

Nigeria signs $3.1 bln funding deal with Shell

Mon May 26, 2008 3:02pm EDT

ABUJA (Reuters) – Nigeria signed a $3.1 billion deal with the local arm of Royal Dutch Shell (RDSa.L: QuoteProfile,Research) on Monday to plug a funding gap in their joint venture projects, the country’s state oil firm NNPC said.

 

 

Under the deal, Shell would cover a $1.3 billion shortfall in NNPC’s share of the 2008 joint venture budget and provide an extra $1.8 billion loan to cover outstanding payments from 2006 and 2007, NNPC said in a statement.

 

(Reporting by Camillus Eboh; Writing by Nick Tattersall; Editing by David Gregorio)

 

© Thomson Reuters 2008 All rights reserved

 

RELATED BLOG POSTS

RELATED WEB NEWS

 

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Nigeria signs $3.1 bln funding deal with Shell”

Leave a Comment

%d bloggers like this: