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Investment analysts indicate sluggish growth in oil, gas sector

In its latest report – the Nigerian Upstream Oil and Gas Report – sent to Vanguard, Afrinvest West Africa, a Lagos based investment banking firm, stated: “While we expect fiscal reforms in the industry to proceed at a slow pace, there may be respite when deepwater product sharing contracts (PSCs) expire between 2023 and 2028 as long-lead projects will depend on the fiscal terms negotiated upon renewal. Another major constraint for explorers is the lack of any new licensing round since 2007.

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Oil, gas sector facing sharp low revenues – Kachikwu

Lagos – The Group Managing Director of Nigeria National Petroleum Corporation (NNPC) Dr Ibe Kachikwu on Monday said the industry was facing a sharp lower revenues from the country’s oil assets. Kachikwu said this at the 33rd Annual International Conference and Exhibition organised by Nigerian Association of Petroleum Explorationists (NAPE) in Lagos. The NNPC boss
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