Nigeria controls $48bn new oil, gas projects in Africa — Baru
Nigeria is the destination for new projects in the oil and gas industry in Africa valued at over $48 billion, the Group Managing Director of the Nigerian National Petroleum Corporation , Maikanti Baru, has said.
Mr. Baru, who disclosed this at the 2019 International Petroleum Week conference which began in London, Wednesday, said this excludes over 20 planned projects in the pipeline in various locations across the continent. However, he called on investors to utilize the huge investment opportunities available in these upcoming capital projects within Nigeria’s oil and gas Industry.
“With over 14 oil producing countries, Africa currently accounts for about 126.5 billion barrels of crude oil, or 7.5 percent, and about 488 TCF of gas, or 7.1 percent of global proven oil and gas reserves respectively,” he said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft plans to make AI available to Africa - Vanguard News NigeriaMicrosoftsays through its 4Africa initiatives has its sights set on making Artificial Intelligence, AI available to everyone on the continent.
Read more »
How Facebook is mitigating fake news in Africa - Vanguard News NigeriaAs elections are currently holding in Nigeria and most other African countries, many unsubstantiated news items are making the rounds, across social media and other platforms.
Read more »
YIAGA AFRICA verifies election results - Vanguard News NigeriaYIAGA AFRICA, a civil society organisation, on Wednesday verified the Presidential elections results announced by the Independent National Electoral Commission (INEC).
Read more »
DStv’s The Voice hostess Anele Mdoda to represent Africa at the Oscars - Vanguard News NigeriaAnele Mdoda, DSTV’s reality show hostess ‘The Voice South Africa’ is all set to be part of history as she’s set to grace the 91st Annual Academy Awards, known commonly as the ‘The Oscars’
Read more »
South Africa moves to combat racism - Premium Times NigeriaAmid a surge in racism, the South African Government on Thursday announced the approval of the long-awaited National Action Plan (NAP) to combat racism
Read more »
Presidential poll results fall within PVT estimated range — YIAGA AFRICA - Vanguard News NigeriaYIAGA AFRICA, a civil society organisation, yesterday, verified the Presidential election results announced by the Independent National Electoral Commission, INEC, saying they fell within its Parallel Vote Tabulation, PVT, estimated range.
Read more »