Our Role In The $1.9B Malabu Oil Deal Fraud - Shell

Shell Nigeria Ultra Deep Limited (SNUD) is in the centre of the Malabu Oil deal scandal, for which it is being investigated by the British police. The Nation has obtained documents filed at the International Centre for Settlement of Investment Disputes in which Shell explains how it was caught in the web.
The controversy over the $1.092, 040,000 Malabu Oil deal continues with one of the parties, Shell Nigeria opening up on how it acquired 40 per percent equity in Oil Prospecting Licence (OPL) 245 in 2000.

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BLCO BULK ALLOCATION FROM NNPC AND SHELL WITH POP, LIFTING FROM FIRST QUARTER BULK APPROVED OF OUR MPR.

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JOINT VENTURE OPERATORS OF NNPC/SHELL
BONNY TERMINAL, NIGERIA.

PROOF OF PRODUCT/CARGO INFORMATION ALLOCATION DETAILS:
The product offered by the Seller and accepted by the Buyer is Bonny Light Crude Oil that shall be lifted from NNPC Bulk approved equity agent’s share Off OPEC Record.


LIFTING FROM FIRST QUARTER BULK APPROVED OF OUR MPR.
1. CONTRACT NO: COSD.S.T.061
2. EXPORT PERMIT LICENSE NO: EXP.T/855/VOL.3/002
3. MPR REF NO: DPR/DS/CTO/2018/V.95/103
4. TRANSACTION CODE: NNPC/BLO/T/OPS/BON/103
5. PRODUCT: NIGERIA BONNY LIGHT CRUDE OIL MINIMUM OF 280,000 M/TONS OR MINIMUM QUANTITY OF 2,000,000+/-5% BARRELS VOLUME AS CORRECTED TO PER-PT-(5)
6. QUANTITY: 62,400,000 MILLION BARRELS AVAILABLE TO BE LIFTED FROM 1ST QUARTER TO FOURTH QUARTER 2013.
7. PORT OF LOADING: BONNY TERMINAL BONNY
8. SUPPLIERS: NNPC JV OPERATORS, BONNY TERMINAL
9. CONSIGNEE: TO BE ADVISED (TBA)
10. VESSEL: TO BE NOMINATED (TBN)
11. PAYMENT OF PRODUCT: SHALL BE BY CONFIRMED SBLC/BG/MT760
12. INSPECTORS: S.G.S OR ITS EQUIVALENT – BONNY TERMINAL VIA PORT HARCOURT
13. PRICE: ON NET BANK CONCESSION AS AGREED WITH AGENT

Shell Expects Energy Demand To Double Over Next 50 Years

KUALA LUMPUR, July 3 (Bernama) -- Global oil and gas company, Shell, expects energy demand to double over the next 50 years, with the global population heading towards 9.5 billion mark by 2060 and emerging economies lifting millions of people out of poverty.

Shell International Chief Political Analyst Dr Choo-Oon Khong said the scenario highlighted the need for business and government to find new ways to collaborate, foster policies that promote the development and use of cleaner energy and improve energy efficiency.

"This scenario shows how the choices made by the government, business and individuals in the next few years will have a major impact on the way the future unfolds," he told a media briefing on Shell's New Lens Scenarios Report here Wednesday.

The report, which explored two possible ways the 21st century could unfold, described the scenarios as "Mountains" and "Oceans".

Shell exaggerates issue: Explosion shuts Shell Nigeria oil pipeline

SHELL Nigeria says an explosion and fire caused by oil theft have forced it to shut down its Trans Niger Pipeline that carries 150,000 barrels of crude a day.   Thursday's statement said the theft of oil, known as bunkering, caused the conflagration at Bodo West in Ogoniland. The area in southern Nigeria already has suffered decades of oil spills. Shell's Nigeria Director Mutiu Sunmonu described "another sad reminder of the tragic consequences of crude oil theft".  Environmental activists accuse Shell Nigeria of using oil theft as an excuse to cover up accidental spills.  The company has to compensate local communities for spills not caused by theft. "Sabotage is a problem in Nigeria, but Shell exaggerates this issue to avoid criticism for its failure to prevent oil spills," Audrey Gaughran of Amnesty International said.