Nigeria Requires $16.5bn to Achieve 40bn Barrels Oil Reserves Target

13 September 2017

To achieve the set target of 40 billion barrels crude oil reserves by 2020, the hydrocarbon industry will require between $13 and $16.5billion over the next five years, the Chief Operating Officer, Gas and Power, Nigerian National Petroleum Corporation (NNPC), Saidu Mohammed, has said.

According to Mohammed in the current edition of NNPC Newsletter, under the infrastructure and power plants, there are investment opportunities of over $11billion in the country.

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