LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSB.LN) is cutting its community development programs in the Niger Delta as its business suffers from unrest and state underfunding. Militants and local communities in Nigeria have repeatedly attacked the company's facilities in the past two years, seeking a larger share of revenue. But the cuts, which come on top of reductions and delays in spending on local contractors, raise the question of whether the unrest is hurting the local population more than it benefits it in the short term. Shell Petroleum Development Co., or SPDC, has "scaled back (its) plan for (global memoranda of understanding with communities) due to funding shortages from our government partner and increased community disruptions of operations," according to a Shell Nigeria note. SPDC is Shell's joint venture in Nigeria onshore and shallow waters. The memoranda were aimed at equipping Niger Delta communities with infrastructure such as power generators. -By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; benoit.faucon@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=N3pJNd1FyFKKQZIFIr7Pgg%3D%3D. You can use this link on the day this article is published and the following day.
La Bourse de Paris a tenté un rebond à l'ouverture vendredi, est repassée dans le rouge dix minutes après, pour revenir en territoire positif. Dans le sillage de l'indice...
Les valeurs américaines s'inscrivent toujours en fort recul jeudi avec la publication de mauvais chiffres hebdomadaires de l'emploi et les inquiétudes concernant...
La Bourse de Tokyo a fini en hausse de 2,70% vendredi, se retournant après la mi-journée grâce à des rachats de découverts motivés par l'attente d'un redressement de Wall...
L'euro se replie face au dollar, et le billet vert perd du terrain face au yen après la publication de l'indice américain des prix à la production, qui a...
Le baril de brut léger américain a clôturé jeudi sur le marché Nymex en baisse de 7,46%, sous les 50 dollars le baril, la chute des Bourses ne faisant qu'alimenter la crainte...