$150B PROJECTS MAY SUFFER SETBACK

THE effects of the dwindling crude oil prices may have continued to hit hard on the global oil industry as indications emerged that several oil and gas exploration projects worth about $150 billion are likely to be put on hold next year.

Although, Nigeria is not listed among the impacted projects, there were indications that the sliding prices and regulatory uncertainties in the sector have affected major industry initiatives in the country.

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