Shell examines $4bn worth of Nigerian work

City A.M. Reporter
ROYAL Dutch Shell is assessing projects that could be worth around $4bn (£2.5bn) to boost oil production in Nigeria and cut flaring of associated natural gas.

Chief executive Peter Voser said the projects should be completed by 2015.

Oil companies such as Shell have been criticised for flaring gas instead of trapping it to sell as liquefied natural gas (LNG) or to supply to Nigeria, which suffers huge power shortages despite being Africa’s top energy producer.

Voser did not give details of the projects but said their completion would be subject to approval by Shell’s partners and security in the volatile Niger Delta, where Shell operates.