Nigeria: Restructuring - Yar'Adua Meets Shell CEO, Dutch PM

29 January 2008

Abuja — It emerged yesterday that Anglo Dutch oil and gas giant, Shell, may have secured "critical" concessions from President Umaru Musa Yar'Adua over key Federal Government policies which the firm considers to be unfavourable to its operations in Nigeria.

This development is believed to have informed the decision of Shell to put on hold the planned re-organisation of its Nigerian operations which had threatened the jobs of about 1000 workers - in addition to a drastic reduction in its operations in the Niger Delta.

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