OTCPK:MAUXF - Post by User
Post by
stockpeekeron Aug 28, 2011 11:31am
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Post# 18987222
Shell has big problems in Nigeria, too!
Shell has big problems in Nigeria, too!Shell has big problems in Nigeria. This article is not particularly kind towards Shell and how it interacts with the surrounding communities. Political unrest in Nigeria remains high, and perhaps Mart and the JVs will face increasing risk to future production from the Umusadege field.
https://www.guardian.co.uk/environment/2011/aug/25/shell-oil-export-nigeria-pipeline-sabotage
Point is ... any deal with Shell that facilitates a future pipeline from Umusadege to Shell facilities (reducing reliance on AGIP) does not mean increased production from the field can be assured in future months/years.