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The Nation

Shell is not leaving Nigeria, says Senate

By Onyedi Ojiabor 5 December 2011

The Senate has desrcribed as wrong reports that Shell Petroleum Development Company (SPDC) is planning to move out of the country because it ceded some of its investment to local operators.

In an interview with The Nation, Chairman, Senate Committee on Petroleum Resources (Upstream), Senator Emmanuel Paulker, shed some light on the report that some International Oil Companies (IOCs) including SPDC may have concluded arrangements to leave  the country due to increasing insecurity in Abuja. read more

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