$15bn investment plan: Security challenges worry Shell


In spite of security concerns in the Niger Delta, the Shell Petroleum Development Company (SPDC) will later this year kick start its expenditure plans on oil and gas projects worth $15 billion, The Cable Petrobarometer understands.

On April 18, a delegation of Royal Dutch Shell, the parent company of SPDC, led by Ben van Beurden, chief executive officer, met with President Muhammadu Buhari in London.

The meeting, according to the ministry of petroleum resources, was facilitated by Ibe Kachikwu, the minister of state, where the oil giant unfolded its $15 billion investment plan for Nigeria.

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Source: The Cable Petrobarometer