Royal Dutch Shell announced on June 6th that it had resumed production in some of the wells it operates in Nigeria.
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Royal Dutch/Shell and its partners have agreed to pay a substantial annual dividend to the Russian government as part of the deal to salvage the $20 billion Sakhalin-2 oil and gas project in Russia's Far East. This information was reported by the Wall Street Journal on Thursday, April 26. The paper cited people familiar with the situation.
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Gazprom is on the brink of sealing a takeover of the huge Sakhalin2 oil and gas project, the biggest of its kind in the world. The seizure has been engineered by the Putin regime which controls the ravenous Russian energy giant.
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Deal or no deal, the Royal Dutch Shell says that the loss of 17 workers due to occupational hazards and violent conflicts and over 500,000 barrels of oil per day will not make the company abandon the Niger Delta region. Because, Shell is making huge profits as the largest oil producer in Nigeria with a daily output of over 2.6 million barrels.
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The Royal Dutch Shell will not abandon the Niger Delta, even though the company lost 17 workers in Nigeria in 2006, and Shell, the largest oil producer in Nigeria with a daily output of over 2.6 million barrels, is losing almost 477,000 barrels per day due to the current violent conflicts in the Niger Delta.
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