Nigeria’s Upstream Capital Expenditure Declines To $6 Billion, Regulatory - Politics - Nairaland
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| Nigeria’s Upstream Capital Expenditure Declines To $6 Billion, Regulatory by Mateco556: 1:54pm On Sep 25, 2023 |
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant decline in the country’s annual upstream capital expenditure (CAPEX) from $27 billion in 2014 to less than $6 billion in 2022. This revelation was made by Mr. Gbenga Komolafe, Chief Executive of NUPRC, during the World Petroleum Congress (WPC) held in Calgary, Canada. Mr. Komolafe, represented by Mr. Kelechi Ofoegbu, the Executive Commissioner, highlighted a substantial 74 percent decrease in CAPEX. He attributed....... https://ratecaptain.com/nigerias-upstream-capital-expenditure-declines-to-6-billion-regulatory-uncertainty-cited/ |
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