Exxon Nigeria Chief Says Oil Overhaul Will Stop Investment
From Google News
A bill seeking to overhaul Nigeria’s oil sector would lead to a halt in new investments if passed in its current form due to onerous fiscal terms, the head of ExxonMobil’s Nigeria operations said Thursday.
Mark Ward, who also leads a grouping of oil majors operating in Africa”s top producer, said industry players shared the view that the current bill jeopardises Nigeria”s bid to boost new investment and output.
