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Crude oil theft: Shell recants, says it lost $250m not $700m

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Shell Nigeria, Wednesday, denied claims that its parent company, Royal Dutch Shell, lost $700 million (N112 billion) in second quarter 2013, due to crude theft and other sundry issues in Nigeria, saying that the actual amount lost to operational difficulties in Nigeria is $250 million (N40 billion). The statement by Shell spokesperson, Mr. Precious Okolobo ...

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