Summary Box: Shell considers Nigeria investments

AP News
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Posted: Apr 18, 2012 2:56 PM
Summary Box: Shell considers Nigeria investments

INVESTMENT: Royal Dutch Shell PLC is considering investing $4 billion in Nigeria to help capture natural gas. CEO Peter Voser said the projects would support efforts by the company to cut down on gas fires in oil wells.

IMPACT: Environmentalists say the fires, known as flaring, are one of the largest sources of greenhouse gases which cause global warming. They can also sicken those living nearby.

DETAILS: Voser said Shell expected the projects to be completed by 2015, subject to approval by partners and the security situation in the country.