Nigeria: No 'Substantive' Oilfield Bid Round Until Prices Recover

May 6, 2020

Offshore installation in Africa, Image by Jan/AdobeStock
Offshore installation in Africa, Image by Jan/AdobeStock

Nigeria will not hold "substantive" oilfield bid rounds until prices recover, the head of the state oil company said on Tuesday in a web conference.

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation, also said the petroleum industry bill to overhaul the country's sector was expected to be passed in the next three to four months. 

(Reporting by Libby George; Writing by Alexis Akwagyiram; editing by David Evans)



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