Shell Urges Nigeria to Pass Petroleum Industry Bill Soon
- Delay could prompt investment to move elsewhere, says Ojulari
- Senate president has said he expects measure to pass in June
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Royal Dutch Shell Plc’s oil-drilling unit in Nigeria is urging the government to pass long-delayed legislation to reform the country’s petroleum industry, which the Senate plans to take up this month.
“For every month and every week that we delay, investment fund is moving somewhere else,” Bayo Ojulari, managing director at Shell Nigeria Exploration and Production Co., said at an oil conference in Abuja. “We’ve got the commitment that it will come up in June. We’ve heard that before and we are waiting to see.”