Nigeria Grants Shell $11.50-a-Barrel Tax Credit to Unlock $20 Billion Bonga Investment

Nigeria is offering Shell and its partners a production-linked tax credit of $11.50 for every barrel expected from the proposed Bonga Southwest Aparo development as the government seeks to make one of the country’s largest undeveloped offshore assets commercially competitive. The concession changes the financial assumptions surrounding the deepwater project by allowing the investors to […]

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