Kindly Share This Story: •100 petrochemical projects underway By Prince Okafor ENERGY 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. READ ALSO Lawyer, ALGON battle over $381m judgement debt 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. According to the report, some of the notable projects in the upstream sector include the deepwater Bonga North oilfield and the onshore conventional gas Okpokunou cluster development. Bonga North is currently in its Front End Engineering Design (FEED) stage and is expected to start operations by 2025. Cluster development is at a feasibility stage and is expected to begin operations by 2024. Projects in Nigeria's refining sector will also be closely watched… Read full this story
- Surfers Fight to Block Oil Drilling in the Great Australian Bight
- Back to the Bonneville – Project Red Hat
- Nelson Racing Engines Small Block Chevy – Project F-Bomb!
- 1973 Chevy Camaro Short-Block Engine Project – Project F-Bomb!
- Oil falls to $53 on economic worries, surging supply
- Renault teaming up with Project Better Place to help build electric car future for Israel
- Project CC Underbird: Introduction
- Fishing report for week of March 20-26: Spring bite good for bass, stripers, trout
- Report: EVs Will Cost Less Than Gas-Powered Cars by as Early as 2025
- Porsche looking to get into Nigeria in a big way
Oil & Gas: Nigeria to account for 23% of projects in Africa by 2025 — Report have 287 words, post on www.vanguardngr.com at April 20, 2021. This is cached page on The World Articles. If you want remove this page, please contact us.