Shell assessing $4 bln Nigeria oil projects

LAGOS, April 18 Wed Apr 18, 2012 2:32pm EDT

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LAGOS, April 18 (Reuters) - Royal Dutch Shell Plc is assessing projects that could be worth around $4 billion to boost oil production in Nigeria and cut flaring of associated natural gas, which should come on tap by 2015, Chief Executive Officer Peter Voser said in comments published on the company's website.

Oil companies such as Shell have been criticized for flaring gas instead of trapping it to sell as liquefied natural gas (LNG) or to supply to Nigeria, which suffers huge power shortages despite being Africa's top energy producer.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.