Indigenous Oil Firms Say IOC Divestments Could Unlock 500 Million Barrels Of Oil In Nigeria, Demand Policy Reforms

Some indigenous Nigerian oil and gas operators have said the divestment by international oil companies (IOCs) from the onshore and shallow water terrains will help the country to unlock over 500 million barrels of oil reserve and over three trillion cubic feet (TCF) of gas reserve if the transition is well managed by the government.

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