Nigeria: Effects of Plummeting Petroleum Prices On Major Oil, Gas Projects

28 January 2015

NO doubt, the sudden crash of crude oil prices at the international markets is taking its toll on various economies world over, as initiators of major oil and gas projects are finding it very difficult to forge ahead with their respective original plans.

The global crash in crude oil prices is reverberating through the oil and gas industry, pressuring producers to curtail investment to protect profits and avoid cuts to dividend payments.

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