OPERATORS JUMPING E&D SPENDING IN NIGERIAN PROGRAMS

Nigeria's campaign to increase foreign investment in its petroleum industry and boost oil and gas productive capacity continues to gather steam. Critical to that effort is a continuing push by the government to offer more attractive fiscal and concession terms to private domestic and foreign companies. Nigeria's petroleum ministry has submitted a new draft petroleum policy for government approval. The campaign is getting results, if responses by key foreign operators are any indication.

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