Nigeria may account for 23 percent of all oil and gas projects in Africa within the next four years, a report by GlobalData, an oil data and analytics company, has shown.
The report also indicated that over 100 oil and gas projects are set to start in Nigeria by 2025 to reduce the country’s reliance on fuel importation to meet the local demands.
A breakdown of the projects, according to the report, shows that petrochemical projects will hold the highest share of new projects in Nigeria through 2025 with 28 projects, followed by 25 expected upstream oil and gas projects, 24 refinery projects, and 23 midstream projects…
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