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Shell Exec Warns Nigeria Against Refinery Building Amid Surplus Capacity

petroleum_refining

Industry Segment: Petroleum Refining | Word Count: 498 Words

JOHANNESBURG--March 7, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--After paying a farewell visit to Nigerian President Goodluck Jonathan, Malcolm Brinded, the outgoing executive director of Shell Petroleum Development Company (SPDC), grabbed the industry's attention by saying to correspondents at Abuja's State House that Shell could not build a refinery in Nigeria because there are surplus refineries around the world. Brinded is also the executive in charge of the Upstream International unit of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands).


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