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RR1:AU
Rights Issue and Shortfall
Royal Dutch Shell to Invest $3.5 Billion in Two Oil and Gas Projects in Nigeria
Jul. 26, 2012 06:03PM PST
Resource Investing News Bloomberg reported that Royal Dutch Shell (NYSE:RDS.B) plans to invest about $4 billion in two Nigerian oil and gas projects.
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.
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