FG decries wasting $600m investment, vows to revive moribund oil

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 94%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Disturbed by the wasting away of a $600 million investment on account of failed offshore and onshore projects under the Antan scheme

, the Federal Government is to reactivate all moribund and dormant oil and gas support facilities nationwide.

Fabrication at the facility was designed to make it the first wholly indigenous EPIC company to deliver complex offshore and onshore oil and gas projects until Addax Petroleum declared a force majeure on its operations. Earlier, the Director of the Department of Petroleum Resources , Sarki Auwalu, pointed out that the facility, when functional, would play a significant role in driving the government’s gas utilisation, penetration, and expansion programme.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

lol

Canada Canada Latest News, Canada Canada Headlines