OPEC asks Nigeria to ramp oil production or miss $14tr investment opportunity

The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has warned that Nigeria risks missing out on the $14 trillion investment opportunity in the global oil market shortly unless it increases oil production.

Al-Ghais, according to a statement issued by the Chief Communication Officer of the Nigerian National Petroleum Company Limited (NNPCL), Olufemi Soneye, gave the warning when he visited the company’s Group Chief Executive, Melee Kyari, on Wednesday in Abuja.

He said about $14 trillion in investments would be required by 2035 to fulfill global energy demand.