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Shell raises alarm over Nigeria’s dwindling oil production

Nigeria’s oil and gas production has dropped by over 30 percent since 2005 and may continue to decline in coming years. And concerned by the development, Shell Petroleum Development Company, the dominant oil producer in Nigeria, has sounded the alarm bell that the government may be unable to deliver on the provision of infrastructure to its citizens. “Nigeria’s share of global oil production is shrinking — it has fallen over 30 percent since 2005. Investment in the industry has stalled. Final Investment ...
Read the rest of the story on Businessday Nigeria

Added February 23, 2010
from Businessday Nigeria