Niger Delta

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Shell invests N45bn in Niger Delta in 2012

Shell invests N45bn in Niger Delta in 2012

…Lost N112bn to crude theft in Nigeria in Q2
Shell Petroleum Development Company Plc, SPDC, said it invested $281.2 million (N44.99 billion) in the Niger Delta in 2012.

Oil theft in Niger Delta: Shell’s profits plunge

Oil theft in Niger Delta: Shell’s profits plunge

Energy giant Royal Dutch Shell on Thursday announced plunging quarterly profits, with outgoing chief executive Peter Voser blaming the “disappointing” results on a shale asset write-down and unrest in Nigeria.

OIL THEFT: Don’t blame N-Delta ex-militants, Presidency warns oil firms

OIL THEFT: Don’t blame N-Delta ex-militants, Presidency warns oil firms

The Presidency defended ex-militants currently on the payroll of the Presidential Amnesty Programme (PAP) of involvement in the theft of oil in the Niger Delta.

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, claimed over 400,000 barrels of crude are stolen daily by unknown persons. The Presidential Amnesty Office (PAO) asked the international oil corporations (IOCs) to take urgent steps to halt the negative trend rather than accuse the former warlords and their foot soldiers of theft.