Nigeria Seeks $20 Billion In Back Taxes From Major Oil Firms

The government has asked seven oil majors operating in the country to pay U.S.$20 billion in outstanding taxes and royalties that it says is owed to various Nigerian states. Royal Dutch Shell says Nigeria's claims that it is owed billions in taxes could delay the development of the company's Bonga oil field.

Photo: Shell

Bonga Floating Production Storage and Offloading vessel, Nigeria.

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