Royal Dutch Shell company has announced sale of its assets in Nigeria, reported Financial Times.
The consortium operated by Royal Dutch Shell, which also includes French Total and Italian Eni, has decided to leave the market. The companies’ oil blocks have been put for the auction.
The decision was made, because of numerous cases of oil theft and activization of the terrorist groups.
Nigeria has been having the problems of illegal cuts into the pipelines and oil thefts since long ago. This often leads to environment pollution and stoppages of oil deliveries. The Nigerian authorities have repeatedly said that they will punish the criminals. They believe that during 2012 number of such case significantly decreased.—0---
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review