Local content faces new threat as oil price hovers at $59 per barrel

Stakeholders in Nigeria’s oil and gas industry were pleased in October, when crude oil price rose from $70.00 to $85.00 per barrel for a reason. The rise in the price of oil was expected to boost investment, and by extension, local content development in the industry through improved funding of projects. The improved funding was also expected to culminate in award of new contracts and settlement of debts owed local contractors and others in the industry.

Continue reading Local content faces new threat as oil price hovers at $59 per barrel at Vanguard News Nigeria.



source https://www.vanguardngr.com/2018/12/local-content-faces-new-threat-as-oil-price-hovers-at-59-per-barrel/
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