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
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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Rovshan Najaf, President of the State Oil Company of Azerbaijan (SOCAR), and Oleg Korobchenko, Deputy Prime Minister and Minister of Industry and Trade of the Republic of Tatarstan, discussed cooperation and expressed satisfaction with the partnership between SOCAR and the Russian oil company Tatneft.
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Azerbaijan’s drive to attract investment into its industrial and agricultural zones is gaining momentum, with the government registering 31 new resident companies across economic zones in 2023. The Economic Zones Development Agency (EZDA) also granted non-resident status to one company, marking a new phase in the country’s efforts to stimulate economic growth in post-conflict areas and beyond.
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