force majeure
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Mar
26
Tim Lambert
“Force Majeure” in Africa Highlights Appeal of American Natural Resource
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Royal Dutch Shell (NYSE: RDS-B), Europe’s biggest oil firm, has declared “force majeure” again for its contracts in Nigeria due to hostilities. That means it is not bound to the contractual obligations. ┬áThere is also trouble in other natural resource sectors in Africa, such as gold and copper. Tension is not limited to Africa, however, […]