Nigeria’s earnings from the petroleum industry continue to be hard-hit as the United States (U.S.) Liquefied Natural Gas (LNG) import from Africa’s most populous country fell from 20.3 million cubic feet in June 2007 to zero as of February this year.
And the quest to boost revenue in the search for oil in the Chad basin is being hobbled by the activities of insurgents in the Northeastern part of the country, according to the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu.
Meanwhile, more than 2,000 Nigerian companies and chief executive officers are attending the Offshore Technology Conference (OtC) in Houston, United States.
Also, (NNPC) has expressed its readiness to take practical steps towards ensuring low carbon emissions in its operations in line with the global Paris agreement of December 2015. Read more