Mohammed Shosanya
Multinational oil company,Shell,says it’s shutting its operations in Nigeria.
The company reiterated that through its ambitious projects coming on stream,it hopes to deepen its operations with appreciable presence in Nigeria.
Shell Nigeria’s General Manager, Commercial, Hans Nijkamp,gave the clarification at the 6th Nigeria International Economic Summit (NIES) which which in Abuja, Nigeria’s capital.
Speaking as the sponsor of the Minsters and Head of Delegation Dinner that kicked off the event,Nijkamp,highlighted key projects for Shell in Nigeria including several gas and pipeline projects, that will help Nigeria utilize its vast gas resources to meet energy demand for domestic industrial development and for export to generate much-needed revenue for Nigeria.
He said: “Recent global events continue to highlight the world’s urgent and long term energy demands and these present opportunities for Nigeria to quickly utilise its vast gas resources. Also, Nigeria’s own growing population needs accessible and affordable energy for industrialization, electricity and sundry others developments and Shell has projects to help meet these opportunities.
“Shell is not advancing actions on the onshore portfolio review in compliance with the Supreme Court’s order to maintain the status quo. Shell’s relationship with Nigeria remains strong and we continue to focus investment in Nigeria’s deep-water exploration and production, in our renewable energy space with All On. Our Shell Energy Nigeria business line is also working to expand the gas distribution solutions being championed by Shell Nigeria Gas Limited”