Nigeria urges Shell to pay $5 billion over Bonga oil spill
July 18 , 2012
Nigeria's oil regulator has asked industry giant Shell to pay $5 billion over a spill off the country's southern coast last December.
The disclosure was made following a parliamentary hearing on the issue.
40,000 barrels spilled into the Atlantic Ocean after leak at the Bonga field during a transfer of oil to a tanker.
The spill was contained before it reached the shore and Shell has stated there was no need for a fine as everything had been done to prevent environmental damage.
The Bonga field is operated by Shell Nigeria Exploration and Production Company and produces 10 percent of Nigeria's oil exports.