News Formal

Nigerian state-owned company starts oil drilling at field in north

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Nigeria's state-owned NNPC Ltd on Tuesday started drilling for oil and gas at a field in northern Nigeria that has reserves of 1 billion barrels, as the country seeks to produce crude outside the Niger Delta for the first time.

NNPC said in a statement that phase one of the Kolmani project in the northeast would have an oil refinery, gas processing unit, 300-megawatt power plant and fertilizer plant producing 2,500 tonnes a day

President Muhammadu Buhari said Kolmani had 1 billion barrels of oil reserves and 500 billion cubic feet of gas. "It is therefore to the credit of this administration that at a time when there is near zero appetite for investment in fossil energy, coupled with the location challenges, we are able attract investment of over $3 billion to this project," Buhari said at a ceremony to start the oil project.

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:

 /  🏆 2. in SG
 

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

☆☆☆

Is Hunter Biden on their board? Cause if so, drill baby drill.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Manchester United owners confirm exploration of sale or investmentManchester United Ltd. management publicly confirmed Tuesday that they are exploring potential financial investment in the club or an outright sale. While... Mukesh Ambani lining up to by MUFC after MI
Source: MarketWatch - 🏆 3. / 97 Read more »