Shell uses only 30% of landcapacity Nigeria
Tuesday, 28 July 2009 15:07
News - Nigeria - general
Royal Dutch Shell plc uses less than 30% of its land based capacity in Nigeria due to lack of funding and the security situation in the by rebel terrorized Niger Delta region.
The company missed $47 billion of revenue since 2006 according to Mutiu Sunmonu, director of Shell Petroleum Developtment Company of Nigeria, during a hearing at the Nigerian Senate about reforming the Nigerian gas- and oil-industry.
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