Nigeria Must Develop Oil Finds Just to Keep Output Steady: Chart
(Bloomberg) -- Africa’s biggest oil-producing nation has recovered from years of militant attacks on its infrastructure, and fields such as Total SA’s Egina will further buoy output. Yet recent discoveries must be exploited just to maintain total production, according to consultants Rystad Energy. That’s no easy task for Nigerian National Petroleum Corp., which warned Tuesday that oil prices below $50 would threaten its business.
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