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Shell says Nigerian oil theft costs billions

Extracts from a Reuters article by Alex Lawler and Simon Falush published 13 March 2014

* Shell says $1 bln/month oil theft figure probably accurate

* Proposed legal changes curbing Nigeria’s oil output

* Some Nigerian risks worsened, Shell says in annual report

Nigeria is important for Shell because the African country provides almost 10 percent of the company’s output and is seen as a source of future growth.

FULL ARTICLE

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