Friday 11 November 2016

NIGERIA’S OIL SECTOR NEEDS N7B YEARLY INVESTMENT


The Nigerian oil and gas sector requires about $7 billion capital investment yearly, to fund exploration and development to achieve the nation’s crude production targets, according to Nigerian Investment Promotion Commission (NIPC). Besides, Organisation of the Petroleum Exporting Countries (OPEC), also put the expected oil upstream investment requirements from 2016 to 2040 at $7.4 trillion).

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