Thursday, 29 August 2013

Over 10,000 persons set to loose their jobs as SHELL/CHEVRON pulls out of OKLNG

The unemployment situation in Nigeria might worsen, as the fate of about 10,000 workers in the Olokola Liquefied Natural Gas project, OKLNG, is currently on the line, following the pulling out of Chevron and Shell, which threatens the continuation of the project.

The workers, currently employed in the construction phase of the project, risk being disengaged, as Chevron Nigeria Limited, CNL, Wednesday, confirmed its withdrawal from the OKLNG project, blaming it on the lack of progress on the project, eight years after its inception.

Shell, is still playing a cat-and-mouse game refusing to confirm its pull out as Chevron did, thereby raising questions as to the reason for the secrecy.

The statement released by Chevron stated that“The business decision to withdraw from OKLNG is based on a review of our investment portfolio, the lack of progress on the project and a reprioritisation of resources to focus on growing domestic gas supply.”

The Chevron statement also said that the NNPC was duly informed of its decision to withdraw, adding that the divestment process is being managed in accordance with the provisions of the Shareholders’ Agreement governing the project.
This isn't funny,over 10,000 persons to be ridden of their jobs? In a country where even the working class hardly feeds.

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