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Shell’s Troubles in Nigeria Continue

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Extracts from an article by Nick Cunningham published by Oilprice.com on 27 Feb 2014

Royal Dutch Shell (NYSE: RDS-B) is in the midst of a flurry of sell offs to fix its balance sheet, unloading billions of dollars of assets as quickly as it can. Shell’s problems worsened this week – it was forced to shut down a major pipeline in Nigeria to stop leakage and theft, a blow to a company that hoped to right the ship. The latest troubles in Nigeria add to Shell’s problems, which has been plagued by insecurity in the Niger delta for years. It was implicated in human rights violations in the 1990’s for its cooperation with the Nigerian government as it violently suppressed local opposition. Shell has also been accused of excessive gas flaring and oil spills, and as a major player in the horribly contaminated Niger Delta

FULL ARTICLE

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