|
|
Article: Shell loses 14 billion dollars to Niger Delta crisis: company official
- Article from:
- Xinhua News Agency
- Article date:
- October 18, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
|
Shell loses 14 billion dollars to Niger Delta crisis: company
official
LAGOS, Oct. 18 (Xinhua) -- Shell had lost 14 billion U.S. dollars
to militant insurgency in the Niger Delta region, according to Basil
Omiyi, the managing director of Shell PetroleumDevelopment Company of
Nigeria (SPDC).
Omiyi made this disclosure in a paper he presented at a pre-
conference workshop of the National Association of Petroleum
Explorations (NAPE) in Lagos on Tuesday, saying that the amount was
what could have accrued to the country as tax and royalty income
since 2006 till date.
He said that his company was losing 477,000 barrels of oil per day
for most part of 2006 and this year to the crisis in the ...