PIB: Uncertainties stall Shell’s $30bn investment

Started by MrVan, Feb 21, 2013, 06:30 AM

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MrVan

Feb 21, 2013, 06:30 AM
The Country Chair of Shell Companies in Nigeria and Managing Director of the Shell Petroleum Development Company of Nigeria Limited, SPDC, Mr. Mutiu Sunmonu, has said that the non-passage of the Petroleum Industry Bill, PIB, is among several other uncertainties holding back $30 billion worth of investment in two offshore deepwater projects in Nigeria.

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