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Report: Nigeria's Oil Industry to Face Infrastructure, Divestment Issues in 2022

Report: Nigeria's Oil Industry to Face Infrastructure, Divestment Issues in 2022
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S&P Global Platts see Nigeria's oil production hit 1.7mb/d April 2022

Lagos Nigerian oil supply will grow to 1.7 million bpd by April 2022, S&P Global Platts Analytics said in its recent forecast. According to the report, the increment is down from levels of 1.9 million bpd recorded in April 2020. The country’s output had slide to 1.2mb/d in 2021 despite OPEC cut quota that […] ....

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Divestment, not reform, to dominate Nigeria's oil sector in 2022 | Hellenic Shipping News Worldwide

2022 poses to be a very challenging year for Nigeria. Africa’s largest oil producer faces a race against time to implement reforms needed to bolster exploration and check declining oil production as it fights a wave of divestments from international oil companies. The signing into law of the long-delayed energy legislation called the Petroleum Industry . ....

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