Royal Dutch Shell to Invest $3.5 Billion in Two Oil and Gas Projects in Nigeria

Bloomberg reported that Royal Dutch Shell (NYSE:RDS.B) plans to invest about $4 billion in two Nigerian oil and gas projects.

As quoted in the market news:

Shell, based in The Hague, last month said it planned to invest about $3.5 billion in a natural-gas project in Imo state in the southeast. It is working on 17 gas projects in Nigeria, set to cost a total of $6 billion, according to the company.

Click here to read the full Bloomberg report.