Nigeria leads Africa’s $221bn oil investment drive
Nigeria is leading Africa’s $221bn oil and gas investment drive, with the country expected to attract between $30bn and $50bn in investments into 22 major offshore oil and gas projects by 2030, a report has stated. The new report, released by Industrial Info Resources, noted that more than 800 active capital oil and gas production, Read More:…
Nigeria is spearheading Africa's $221 billion oil and gas investment drive, with an estimated $30 billion to $50 billion in investments targeted for 22 major offshore projects by 2030, according to a recent report. The report, published by Industrial Info Resources, revealed that over 800 active capital projects related to oil and gas production, pipelines, and terminals are being monitored across Africa, with a combined investment value surpassing $221 billion.
Nigeria's upstream regulatory body, the Nigerian Upstream Petroleum Regulatory Commission, anticipates that 22 significant offshore projects will commence between now and 2030, generating investment potential ranging from $30 billion to $50 billion. NUPRC CEO, Oritsemeyiwa Eyesan, disclosed this projection during the Society of Petroleum Engineers' annual conference in Lagos on August 5.
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