Shell CEO to talk with Nigerian president

Jan. 23, 2008 at 3:52 PM

ABUJA, Nigeria, Jan. 23 (UPI) -- Nigerian government officials plan to meet with Shell representatives.

The head of Royal Dutch Shell PLC is to meet with Nigerian President Umaru Yar'Adua Friday to discuss funding and security issues that must be worked out before Shell's oil output in the country will begin again, BusinessWeek reported.

Jeroen van der Veer, chief executive officer, said he hoped the company could regain its share of lost oil output eventually.

"I want to extract from him a commitment to invest in the downstream sector in Nigeria," Yar'Adua said.

Yar'Adua wants investment for projects related to domestic gas supply, fertilizer and petrochemicals.

Facilities run by Shell and other oil multinationals working in Nigeria have come under renewed attack from militant groups in the region. Attacks have cut Nigeria's oil exports and led to the kidnapping of more than 200 foreign oil workers.

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