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Published On: Tue, Mar 18th, 2014

Seplat sees no oil theft in Nigeria, where Shell lost $1bn

Seplat Petroleum Development Co., the Nigerian oil producer raising $500 million from investors, said it had “absolutely no” theft in Nigeria, where Royal Dutch Shell plc lost almost $1 billion due to sabotage in 2013, reports Bloomberg. Seplat in July 2010 bought three licences from Shell onshore Niger Delta, which had been idled for about…

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