Despite fears in some quarters that fossil fuel will become irrelevant in the next few years, the Organisation of Petroleum Exporting Countries (OPEC) yesterday said downstream investments in Nigeria and African countries would gulp N1.5 trillion from 2021 to 2045. Secretary General of OPEC, Mohammed Barkindo, stated this in his keynote address at the African Energy Week in Cape Town, South Africa. Barkindo explained that $450 billion out of this amount would be invested in new refinery projects and expansions of existing units, adding that most of these projects will be…
Read MoreOPEC Pegs Downstream Funding Gap in Nigeria, Others at $1.5trn
