Nigeria is to harness its oil reserves and pursue its plans to increase oil output to fill the” yawning gap” in Africa.
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The country began producing oil for the first time last week, with the Sangomar deep-water project aiming to produce 100,000 barrels of oil per day.
“Fisheries and aquaculture is a key component of the Marine and Blue Economy which is the focus of the ministry action plan.
The Federal Government has tasked oil and gas experts to proffer permanent solutions to challenges ranging from low productivity, oil theft, pipeline vandalism and gas flaring in the local oil industry.
An oil producing community, Aja-Omaetan in Warri North Local Government Area of Delta has threatened to sue Chevron Nigeria Limited (CNL) if it is excluded from the oil giant’s planned Host Community Development Trust Fund (HCDTF).
Oil prices fell on Tuesday, extending sharp losses overnight, as the rapid spread of a new strain of the novel…