TotalEnergies Invested Almost $30bn in Nigeria Within Eight Years
May 16, 2022 ·
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Description
Executive Secretary of the Nigerian Content Development and Monitoring Board, Mr. Simbi Wabote says that French oil major, TotalEnergies EP Nigeria Limited, has invested almost $30 billion in Nigeria’s oil...
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Executive Secretary of the Nigerian Content Development and Monitoring Board, Mr. Simbi Wabote says that French oil major, TotalEnergies EP Nigeria Limited, has invested almost $30 billion in Nigeria’s oil and gas sector within the space of eight years.
The French oil giant says Nigeria remained at the heart of its strategy and indicated plans to expand its business into the country’s electricity sector.
It stressed that the sector offered exciting opportunities that it would like to explore.
He says with the number of investments TotalEnergies had put into the country’s oil and gas sector since its entrance into the space, there was no basis for comparing it with that of Shell, Chevron and ExxonMobil.
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The French oil giant says Nigeria remained at the heart of its strategy and indicated plans to expand its business into the country’s electricity sector.
It stressed that the sector offered exciting opportunities that it would like to explore.
He says with the number of investments TotalEnergies had put into the country’s oil and gas sector since its entrance into the space, there was no basis for comparing it with that of Shell, Chevron and ExxonMobil.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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