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Article

23 Nov 2006

Author:
Lanre Idaomi, Business in Africa

Oil majors, Nigeria bicker over gas flare deadline

Traditionally, oil firms operating in Nigeria have always flared gas since oil production started in the 60s.... The [World] Bank...says that gas wasted through flaring can be used to produce about 50 percent of the current electricity consumption across Africa.... A desire to staunch this loss and strong pressure from Nigerian and international environmentalists are the major reasons why Nigeria opted to set a 2008 deadline for all oil multinationals operating in the country to put an end to gas flaring. Ten years after it was agreed on, this deadline is at the centre of a squabble between oil multinationals, which seemed disposed to dumping an initial promise to meet the deadline, and authorities who insist that it must be met. Oil firms are believed to have met with government arguing that this previously agreed deadline is not likely to be met. [refers to Chevron, Shell]