(EnergyAsia, September 15 2010, Wednesday) — Slumping foreign investments in Nigeria’s oil industry will check the country’s ability to raise production. Foreign direct investments in the troubled West African country’s petroleum sector fell to US$5.85 billion in 2009 from US$13.96 billion three years earlier. The sharp decline, triggered by the government’s failure to shell out…
NIGERIA: Falling foreign investments could lead to decline in oil output
Posted on September 14, 2010 by EnergyAsia