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Nigeria to prepare its economy for a post-oil era


Nigeria to prepare its economy for a post-oil era
By Reuters
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Nigeria has kicked off plans implementation of efforts to prepare its economy for a post-oil world.
According to the Africa’s largest oil producer’s minister of Science and Technology Ogbonnaya Onu, Nigeria looks to introduce methanol into the economy.
The minister who spoke at a forum this week said the move will reduce gas flaring by using the natural gas as a feedstock for methanol production.
The oil and gas sector in Nigeria accounts for about 10 percent of gross domestic product (GDP), according to OPEC estimates.
Nigeria’s revenue from petroleum exports represents around 86 percent of the country’s total exports revenue. ....

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Report: Nigeria to Account for 23% of Oil, Gas Projects in Africa by 2025


Emmanuel Addeh
Nigeria is expected to have about 100 oil and gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23 per cent of all total fresh projects in Africa, a new report has disclosed.
According to the report by GlobalData, a data and analytics company, new-build projects would dominate the industry and account for around 90 per cent of the total projects commencing operations across the value chain in Nigeria.
In the report titled: ‘Africa Oil and Gas Projects Outlook to 2025 – Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects,’ the company revealed that of the 100 projects expected to commence operations during the period, petrochemicals will have the highest count with 28 projects, followed by upstream (25), refinery (24) and midstream (23). ....

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GlobalData: Nigeria to account for 23% of upcoming oil and gas projects in Africa by 2025


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Nigeria is expected to have 100 oil and gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23% of the total project starts in Africa.
New build projects dominate the upcoming projects and account for around 90% of the total projects commencing operations across the value chain, according to GlobalData, a leading data and analytics company.
GlobalData’s report, ‘Africa Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that of the 100 projects expected to commence operations during the outlook period, petrochemicals will have the highest count with 28 projects, followed by upstream (25), refinery (24) and midstream (23). ....

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