Nigeria Still Attractive for Investment Despite PSC Terms, Says ExxonMobil - THISDAYLIVE

The Managing Director of ExxonMobil in Nigeria, Mr. Paul McGrath, yesterday, said that the Nigerian oil industry and the economy in general, were still attractive for investment.

In a statement from the Mr. Garba Deen Muhammad, who is the Special Adviser on Media to the Minister of State for Petroleum Resources, Mr. Timipre Sylva, McGrath, who also doubles as the Chairman of the Oil Producers Trade Section of the Lagos Chamber of Commerce and Industries , said this when he visited Sylva.

McGrath however, called on the federal government to step up efforts to address two critical needs of the petroleum industry, which included, certainty and business competitiveness. The minister noted that the recently assented bill that amended the Deep Offshore Act was necessary in the light of the recognition of the current realities in the oil sector.

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