Shell says allegations of involvement in oil theft misleading today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
PHOTO: GOOGLEThe Shell Petroleum Development Company of Nigeria (SPDC) says allegations of involvement in oil theft at its Bonny Crude Export Terminal is misleading.
The News Agency of Nigeria (NAN) reports that a 2 million barrels crude deficit between 2016 and 2018 reported at the Bonny terminal operated by SPDC has caused a dispute amongst several oil firms that use the oil export facility.
Aiteo Exploration and Production Company claimed that SPDC shortchanged it of 1,022,029 barrels of crude while using the Bonny Crude Export Terminal operated by SPDC between 2016 and 2018.
Aiteo, an indigenous oil firm which acquired OML 29 for US$2.4 billion following SPDC’s 2015 divestment of its 45 per cent stake from the asset.
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Nigeria: Shell still denies responsibility for decades-old spill as it takes matter to World Bank dispute resolution body
âShell Reports Nigeria to WâBank Panel over Oil Spill Disputeâ 15 February 2021
Royal Dutch Shell Plc along with its Nigerian subsidiary, the Shell Petroleum Development Company (SPDC), has launched arbitration proceedings against the federal government over a long-running dispute with a Rivers community. The oil majorâs Netherlands-registered holding company and SPDC filed the case at the World Bankâs International Centre for Settlement of Investment Disputes (ICSID) on February 10â¦A post on the website of the Washington-based World Bank dispute resolution body, indicated that the hearing of the case marked âShell Petroleum N.V. and The Shell Petroleum Development Company of Nigeria Limited v. Federal Republic of Nigeria (ICSID Case No. ARB/21/7)â was still pending.
Court blocks Shell s bank accounts over alleged oil loss – Punch Newspapers punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.