The International Energy Agency says Crude oil capacity in Nigeria will drop by two hundred thousand barrels to 1.6 million barrels per day by 2026 as a result of low investment. Meanwhile, the Nigerian government says it expects to generate $600 million from new marginal fields following the completion of licensing round and the notification of the 161 winners. Oyeyemi Oke, Oil and Gas Lawyer and a Partner at A02 Law joins CNBC Africa for more.
IEA: Low investment will reduce Nigeria’s oil capacity
PUBLISHED: Mon, 29 Mar 2021 14:11:39 GMT