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

Related Stories

Borr Drilling’s First Quarter Profit Takes Hit as Odin Rig Start-Up Lags

UK Moves to Close Tax Loophole Used by Oil and Gas Firms

Weatherford Wins Deepwater Completions Contract off Nigeria

Current News

Amplitude Energy Takes Stake in Artisan Gas Field

SBM Offshore’s SWIR Technology Receives ABS Statement of Maturity

Baker Hughes Expands Integrated Well Construction Contract with Petrobras

Mexican Billionaire Slim Calls Pemex's Lakach Project “Irrational”

Subscribe for OE Digital E‑News