Financial Times FT.com

Shell's plan to cut Nigeria costs on hold

By Dino Mahtani in London

Published: February 15 2008 02:00 | Last updated: February 15 2008 02:00

Royal Dutch Shell yesterday suspended plans to cut the costs of running its Nigerian operations, a move prompted by the government's desire to discuss ways to pay its share of investment in oil and gas joint ventures.

Shell last year announced plans to cuts jobs and streamline its three businesses in Nigeria to overcome the government's funding shortfalls in Shell Petroleum Development Company, its joint venture with Nigeria's state-owned oil company.

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