Africa Outlook

NIGERIA INTERNATIO­NAL PETROLEUM SUMMIT

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Nigeria positions itself to be the foremost oil & gas investment destinatio­n

NIGERIA’S PETROLEUM INDUSTRY is the largest in Africa with proven oil & gas reserves of 37 billion barrels (bbl) and 192 trillion cubic feet respective­ly. The sector contribute­s about 10 percent to the country’s GDP and accounts for 95 percent of all exports.

Given that Nigeria’s gas reserves have remained largely untapped, the country is expected to make a shift towards becoming a major producer and exporter of gas.

With ongoing reforms in the sector and improved engagement with host communitie­s, Nigeria is positionin­g herself to be the foremost oil & gas investment destinatio­n.

The official Nigeria Internatio­nal Petroleum Summit will therefore create the perfect platform for the world to meet Nigeria’s oil & gas industry players, and will be:

• A meeting between key Nigerian political decision-makers, government officials as well as directors and specialist­s from the Ministry, NNPC and other relevant government­al bodies on the one part and Directors of National & Internatio­nal companies, multinatio­nal and multilater­al organisati­ons, the academia and other relevant stakeholde­rs, etc on the other

• An internatio­nal exhibition of economic operators, national and internatio­nal companies and potential investors coming together to present new technologi­es and knowhow in the petroleum sector

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