NIGERIA RANKS AMONG TOP 10 COUNTRIES WITH HIGHEST OIL PRODUCTION

Written by on August 26, 2019

Chairman/Managing Director, ExxonMobil Affiliate Companies in Nigeria Paul McGrath says Nigeria is among the 10 oil producing countries with highest cost of crude oil production per barrel.

McGrath said the Federal Government needs to address some issues in the petroleum industry to achieve major milestones in the industry.

He said targets such as increased investment inflow, increased oil reserves and daily production as well as sufficient in-country refining and domestic gas utilization, may remain wishful thinking if issues drawing back the industry are not addressed.


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