“Following an initial $200 million investment in BUA Group in 2021, we are proud to play another key role in this landmark manufacturing project set to transform the construction sector in northern Nigeria and the entire country. By investing in this project, we are sustainably building Nigeria’s local manufacturing capacity, empowering local communities and creating employment opportunities.
The Kingdom of Saudi Arabia has taken a voluntary cut of 1 million bpd starting in July. According to reports from the meeting, the voluntary cut of an additional 1 million bpd in July will extend the 500,000 voluntary cuts till the end of 2024. According to a statement by OPEC, the required production level for Congo and Nigeria may be updated to equal the average production that can be achieved in 2024, as assessed by IHS, Wood Mackenzie, and Rystad Energy) specialised in oil upstream by the next ONOMM to be held by the end of 2023.