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Nigerian Official Disputes Shell Executive's Comments on Refining Capacity


Industry Segment: Petroleum Refining | Word Count: 588 Words

JOHANNESBURG--March 13, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Nigeria's Minister of Petroleum Resources, Dyane Alison-Madueke, said that recent comments made by a Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) executive on a global glut in oil-refining capacity were made from a global perspective and did not represent the position of Nigeria, where the minister said more refineries are needed. The Shell executive said that the glut had made new refinery-building projects non-viable and that the company would not be investing in Nigeria.

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