BR100 Decreased By (-0.1%)
BR30 Decreased By (-0.16%)
KSE100 Increased By (0.05%)
KSE30 Decreased By (-0%)
AGHA 7.83 Increased By ▲ 0.02 (0.26%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.94 Decreased By ▼ -0.09 (-0.26%)
CNERGY 9.88 Decreased By ▼ -0.08 (-0.8%)
CSIL 5.40 Increased By ▲ 0.09 (1.69%)
FCCL 54.55 Decreased By ▼ -0.15 (-0.27%)
FFL 16.60 Decreased By ▼ -0.09 (-0.54%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.40 No Change ▼ 0.00 (0%)
KOSM 5.77 No Change ▼ 0.00 (0%)
LOTCHEM 29.20 Decreased By ▼ -0.12 (-0.41%)
MLCF 93.45 Decreased By ▼ -0.91 (-0.96%)
NBP 203.00 Decreased By ▼ -0.05 (-0.02%)
NCPL 56.99 Decreased By ▼ -0.01 (-0.02%)
NPL 68.29 Increased By ▲ 0.59 (0.87%)
OGDC 316.50 Increased By ▲ 0.66 (0.21%)
PACE 10.65 Increased By ▲ 0.01 (0.09%)
PAEL 43.20 No Change ▼ 0.00 (0%)
PIBTL 16.69 Decreased By ▼ -0.05 (-0.3%)
PPL 218.80 Decreased By ▼ -0.98 (-0.45%)
PRL 48.70 Decreased By ▼ -0.49 (-1%)
PTC 71.49 Increased By ▲ 0.96 (1.36%)
SSGC 28.14 Decreased By ▼ -0.11 (-0.39%)
TBL 9.84 Decreased By ▼ -0.02 (-0.2%)
TELE 8.85 Increased By ▲ 0.06 (0.68%)
TPL 18.11 Decreased By ▼ -0.13 (-0.71%)
TPLP 13.55 Increased By ▲ 0.28 (2.11%)
TREET 22.77 Increased By ▲ 0.05 (0.22%)
TRG 60.50 Increased By ▲ 0.36 (0.6%)

LONDON: Shell's payments to the Nigerian government grew to $4.32 billion in 2017, up nearly 19 percent from $3.64 billion in 2016, according to its annual sustainability report released on Monday

The bulk of the payments, $3.197 billion, went to state oil company NNPC for production entitlement

Crude oil theft from pipelines of Shell's Nigerian subsidiary SPDC increased by some 50 percent, rising to roughly 9,000 barrels per day (bpd) in 2017 from 6,000 bpd in 2016, the report said

Shell said the shutdown of the Forcados export terminal for much of 2016 "reduced opportunities for third-party interference"

Sabotage-related oil spill incidents rose to 62, from 48 in 2016, though the volume spilled fell to 1,400 tonnes, from 3,900 tonnes in 2016

Shell's operational spills in Nigeria rose by one to nine in 2017, but it said the volume of oil spilled fell to 100 tonnes from 300 tonnes in 2016

The company said that theft and sabotage account for 90 percent of Nigerian oil spills

Shell said SPDC also "made $10 million available" in 2017 to help set up the Hydrocarbon Pollution and Remediation Project (HYPREP), a government-led body to clean up contaminated sites, and that it developed with the International Union for Conservation of Nature (IUCN) a new framework for remediation of soil and groundwater that it will begin testing in 2018.

 

Copyright Reuters, 2018

Comments

Comments are closed for this article.