Unless the Federal Government and investors in the nation’s oil and gas sector invest about $29 billion (about N5.7 trillion) between now and 2019, the country’s crude oil production may decline from its present state of two million to 300,000 barrels per day.A new report on the country’s petroleum sector, showing the challenges and opportunities, which The Guardian obtained from one of the International Oil Companies (IOCs) in Nigeria, revealed that the government has not been able to maintain its cash calls obligations, which has hit $6.6 billion as at January, this year.
Read more @ The Guardian
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