Nigerian President Goodluck Jonathan received a report today showing Africa’s biggest oil producer may have lost at least $37 billion in revenue over the last decade through underpayments and pledged further investigation.
Nigerian investigators have asked to question officials from Royal Dutch Shell Plc and Halliburton Co. ’s local unit in separate probes of allegedly illegal payments, the country’s financial crimes agency said.
Nigerian President Goodluck Jonathan will meet labor leaders in a bid to end a four-day-old nationwide strike against the lifting of fuel subsidies and avert a shutdown of the oil industry, a union leader said.
Oil rose in New York for the first time in four days as Venezuela said OPEC shouldn’t intervene to offset sanctions against Iran and European leaders are scheduled to discuss strategies for resolving their debt crisis.
Royal Dutch Shell Plc’s Nigerian unit declared force majeure on Bonny Light oil loadings for this month and July because of multiple fires on the Trans Niger pipeline, the company said in an e-mailed statement.
Royal Dutch Shell Plc, Europe’s largest oil company, shut its 200,000 barrel-a-day Bonga field off Nigeria after a leak during a tanker loading caused what may be the country’s worst offshore spill in more than a decade.