The Chief Executive Officer, Royal Dutch Shell Plc, Mr. Peter Voser, has said that security situation worsened in Nigeria in 2012.
Voser, in a speech posted on the company’s website on Sunday, said, “ the overall security situation in 2012 has worsened. The stealing and sabotage of crude oil intensified. It’s a multi-billion-dollar business.
“ Shell alone cannot solve these issues. It needs to be a multi-stakeholder approach, as we have been saying for many, many years. SPDC is prepared to do their share, but it needs more than just Shell’s support in Nigeria. It needs concerted government action to reduce theft of crude.”
He added there was some uncertainty in Nigeria ’s petroleum industry because of ongoing discussion about a new petroleum industry bill.
“That may change our views on investing in Nigeria, depending on how this is implemented. The current draft – which is still the subject of discussions and consultations – would make it highly unlikely that Shell – and the whole industry – could invest in offshore and domestic gas projects.