Shell (RDS.A, RDS.B) believes the tax terms in a Nigeria oil bill risk rendering offshore oil...

|By:, SA News Editor

Shell (RDS.A, RDS.B) believes the tax terms in a Nigeria oil bill risk rendering offshore oil and gas projects "non-viable." A bill would end years of regulatory uncertainty that has blocked billions of dollars of investment in the country, but the current draft bill "requires significant improvements to secure Nigeria's competitiveness."