Nigerian Opposition Candidate Seeks to Boost Oil Investment

Monday, November 19, 2018

Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country's oil sector if he becomes president next year, according to a draft copy of his manifesto.

He plans to reconsider the introduction of bidding rounds for marginal fields and oil blocks, privatize government-owned refineries and issue new licences for greenfield investments in crude refineries, the draft said.

The country is scheduled to hold a presidential election in February.

(Reporting by Alexis Akwagyiram and Paul Carsten; editing by John Stonestreet)

Categories: Finance Energy Oil Africa Regulations

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