Shell says plan to cut flaring in Nigeria hurt by lack of government investment

Royal Dutch Shell (RDS.A, RDS.B) CEO Ben van Beurden says the company's efforts to reduce natural gas burning in Nigeria are being hindered by a lack of funding from Shell's government partner in the venture.

Shell's Nigerian joint venture announced in 2012 a plan to invest $4B on oil and gas projects including gas gathering facilities to avoid flaring, one of the main causes of pollution in the country.

Shell's partner in Nigeria, the Nigerian National Petroleum Corp., has been criticized for mismanagement and a lack of transparency.

From other sites
Comments (1)
  • CCCB
    , contributor
    Comments (99) | Send Message
    So what's new about that. The Nigerian gov./NNPC has hardly paid any of their share in projects. Hope Shell not just figuring that out.
    20 May 2014, 11:50 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs