Now Reading: 74 Chinese Companies Express Interest in Nigeria’s Oil and Gas Sector

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    74 Chinese Companies Express Interest in Nigeria’s Oil and Gas Sector

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74 Chinese Companies Express Interest in Nigeria’s Oil and Gas Sector

Wale WhalesBusiness8 months ago5 Views

 Nigeria’s oil and gas industry is attracting heightened interest from Chinese investors, with 74 firms reportedly exploring opportunities in the sector.


The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that these companies have engaged in discussions about potential investments, including crude oil exploration, refining, and petrochemical ventures.

Experts suggest that increased Chinese participation could lead to significant capital inflows, infrastructure development, and job creation in Nigeria’s energy sector.

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