Shell Pays $29bn To Nigeria In Five Years

The Shell Petroleum Development Company of Nigeria Limited (SPDC)-operated joint venture has stated that it contributed $29 billion to the Nigerian purse between 2012 and 2016, with SPDC paying $1 billion in royalties and corporate taxes in 2016, while Shell Nigeria Exploration and Production Company (SNEPCo) paid $400 million.

The Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, who stated this yesterday, added that the company remains strongly committed to the development of Nigeria.

This is coming as oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday directed its members who perform administrative duties in Shell and Nigerian Agip Oil Company (NAOC) to embark on strike, which started in Chevron yesterday, in solidarity with their members in ExxonMobil.

However, unlike PENGASSAN’s action in ExxonMobil, where the union shut the gates of the company’s offices from the hours of 8a.m .to about 12.30p.m. daily since last week, normal activities were seen to be ongoing in Shell, Chevron and Agip’s offices in Lagoson Tuesday.

But the Port Harcourt Zonal Chairman of PENGASSAN, Azubuike O. Azubuike, It was gathered that the strike in other IOCs was very effective in Port Harcourt Zone.

Presenting the company’s 2017 briefing notes, Osunbor further stated that Shell-operated ventures in Nigeria recorded an output of some 572,000 barrels of oil equivalent per day in 2016.
He also commented on crude theft and other security issues in Shell operations, saying that crude oil theft on SPDC’s pipeline network resulted in a loss of about 5,660 barrels of oil per day in 2016, which is less than the 25,000 bpd in 2015.

The meeting, scheduled for yesterday evening, was to find solutions to the week-long picketing of the company.
THISDAY gathered that before the minister invited the workers to a meeting, the company had invited the union leaders to a meeting in Lagos but the meeting could not hold as a result of disagreement between the union and the management on the actual number of union leaders that would represent the workers.

The meeting, scheduled for yesterday evening, was to find solutions to the week-long picketing of the company.
THISDAY gathered that before the minister invited the workers to a meeting, the company had invited the union leaders to a meeting in Lagos but the meeting could not hold as a result of disagreement between the union and the management on the actual number of union leaders that would represent the workers.