July 29, 2012

Nigeria: Shell to Invest U.S.$4 Billion in Two Projects in Nigeria

Royal Dutch Shell Plc, operator of Shell Petroleum Development Company (SPDC) of Nigeria, Thursday said it would invest about $4 billion with its joint venture partners in two oil and gas projects in the country.

This is coming as the Federal Government said it would conclude the renewal of expired oil leases for Shell, Chevron and Total by next month. Read more.

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