Nigeria Needs Balanced Oil Law: Shell

Bloomberg reported that Royal Dutch Shell Plc’s Mutiu Sunmono said Nigeria needs a balanced law for the oil industry which could benefit its government and investors.

As quoted in the market news:

Energy companies including Shell, Chevron Corp., Exxon Mobil Corp., Total SA and Eni SpA said in a joint presentation to lawmakers in 2009 that the proposed tax increases would make exploration “uneconomical.” They pump more than 90 percent of the country’s oil through ventures with state-owned Nigerian National Petroleum Corp.

Click here to read the full Bloomberg report.

Get the Latest Oil Investing Stock Information

Get the latest information about companies associated with Oil Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2

Get the top stories on resource investing FREE!

Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.

Leave a Reply