Thursday, August 29, 2013

WAHALA: 10,000 jobs at risk, as Chevron, Shell pull out from OKLNG

Oil Installation

Nigeria’s unemployment situation is set to 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.
According to source, the Chevron and Shell had pulled out of the project, citing a number of factors, ranging from non-commitment on the part of the Federal Government to pursue the completion of the project and also the non-passage of the Petroleum Industry Bill, PIB.
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