Egypt’s EPROM, Nigeria’s NETCO Sign Oil Cooperation Deal
The agreement aims to deepen Egypt’s strategy to expand into broader African markets.
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The agreement aims to deepen Egypt’s strategy to expand into broader African markets.
Chevron Nigeria has announced a significant near-field oil discovery in PML 49 in the offshore Niger Delta.
The gas supply deal is poised to boost exports and reduce Nigeria’s fertilizer imports.
As Nigeria introduces new tax reforms aimed at attracting $10 billion in natural gas investments, the Invest in African Energy Forum in Paris next May will explore how attractive fiscal policies are spurring energy development across the continent.
Under a naira-for-crude agreement, the government will deliver 24 million barrels to the Dangote Refinery over the next two months.
ExxonMobil will focus on developing the Owo deepwater project, as well as invest an additional $2.5 billion annually to maintain and boost oil production.
iSwiss Bank has committed €647 million to fund a 570 MW solar park in southwestern Nigeria
The $550 million Ubeta upstream gas project, a joint venture between NNPC Ltd and TotalEnergies, has been officially launched in Nigeria.
With completion expected by 2028, the floating LNG facility will have a capacity of 2.8 million tons per annum, producing LNG, LPG and condensate.
Aradel Holdings is set to acquire a 100% interest in the Olo and Olo West marginal fields from TotalEnergies and the NNPC.