Oil giant urged to return to Delta State

The Niger Delta alone accounts for over 90% of Nigeria's oil revenue and hosts a number of oil companies

The Niger Delta alone accounts for over 90% of Nigeria’s oil revenue and hosts a number of oil companies

From AUGUSTINE OSAYANDE in Abuja, Nigeria
ABUJA, (CAJ News) – THE Delta State Government has appealed to Shell Petroleum Development Company (SPDC) to re-establish its office in the Nigerian state.

Governor Ifeanyi Okowa made the call while speaking with the management of the SPDC, led by Managing Director, Osagie Okunbor, on a visit to the governor in Asaba .

Okowa said the decision of the oil giant to close down its office in Delta was was a bad one and not in the interest of the state as it still had a lot of business activities going on in the region.

He assured the company that peace and security were integral components of his administration and thus the state was conducive for investments.

“SPDC still loads its crude from the Forcados terminal therefore, it cannot afford to shut down offices in Delta,” said Okowa.

He nonetheless was glad that Shell was still exporting crude through the Forcados terminal and still had other assets in the state.

“Shell cannot wish Delta State away from its business relationship; we have a long shared relationship with Shell as one of its founding areas in the country.”

Okowa added, “Your leaving has some economic impact on the state, we will be glad to have your office back in the state.”

The governor promises that the state government would do its best to protect and provide conducive business environment and the best of services for investors in the state.

He urged the company and other corporate organisations to partner with the state in order to empower the people, especially the youths.

Earlier, Okunbor congratulated the governor and his administrator on their emergence and assured them of SPDC’s preparedness to support his administration’s agenda for a prosperous Delta.

Experts believe Shell’s closure of the facility in the state in 2013 amid rampant oil theft might cost the state government as much as N25 billion annually from lost taxes and royalties.

CAJ News

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Posted by on Jul 22 2015. Filed under Energy, Finance & Banking. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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