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Tag: Shell Petroleum Development Company

Report: SPDC JV Paid N5.31 Trillion To Nigeria Government In 4 Years

Report: SPDC JV Paid N5.31 Trillion To Nigeria Government In 4 Years

BUSINESS, NEWS
  Shell Petroleum Development Company, (SPDC), joint partner's economic contribution to the Nigerian government between 2013-2017 is $23 billion (N5.31 trillion). The monies were paid under the joint venture agreement between government-owned Nigerian National Petroleum Corporation (NNPC 55% share), SPDC, (30% share), Total E&P Nigeria LTD (10%) and the Eni subsidiary Nigerian Agip Oil Company Limited (5%). Shell's share of royalties and corporate taxes paid to the federal government in 2017 stood at approximately $1.1billion (N333.33 billion), SPDC $0.4billion; SNEPCo $0.7 billion). This was contained in latest edition (April 2018) of "Shell In Nigeria Briefing Notes" which was presented to journalists in Warri, Delta state on Thursday. The copy of the document...
We’ve Not Totally Left Delta, Shell Declares, Inaugurates Multi-million Modern Town Hall In Ogunu

We’ve Not Totally Left Delta, Shell Declares, Inaugurates Multi-million Modern Town Hall In Ogunu

BUSINESS, NEWS
Against insinuation that Shell Petroleum Development Company (SPDC) has totally left Delta State, the oil firm on Wednesday says it is still around and implementing its Joint Venture projects for its host communities. SPDC's General Manager, External Relations, Mr. Igo Weli stated this during the commissioning of a multi-million naira 400-sitting capacity town hall for Ogunu community, near Warri. BigPen Online reports that this is coming just as SPDC on Wednesday endowed a Professorial Chair in Light Weight Automobile Engine Department at the Federal University of Petroleum Resources, Effurun, both in Delta State. According to Weli, there is no better way to correct the erroroneous assumption than the inaguration of the project which was conceived in 2011 when SPDC took the d...
Otuaro Tasks SPDC On Full Operations In Delta

Otuaro Tasks SPDC On Full Operations In Delta

BUSINESS, NIGER DELTA
From Bulou Kosin Deputy Governor of Delta State, Barr. (Deacon) Kingsley Burutu Otuaro, weekend assured the Shell Petroleum Development Company (SPDC) and other investors in the state of an investor-friendly environment. Speaking in Warri, at the 2017 Swamp West Hub Integrated Stakeholders Engagement Forum for Ogunnu, Iduwini Delta and Ojobo cluster communities’ leadership and SPDC, Otuaro emphasised that peace was key to the actualisation of the SMART agenda put in place by Senator (Dr.) Ifeanyi Okowa, Governor of Delta State. Otuaro, who chairs the Delta State Advocacy Committee Against Oil Facility Vandalism said Governor Okowa had set up additional bodies such as the Delta State Peace Building and Advisory Council, Delta State Waterways and Land Security among others to pu