How regulators are hurting Nigeria’s oil sector

How regulators are hurting Nigeria’s oil sector

While Saudi Arabia spends less than $10 to produce a barrel of crude oil, Nigeria spends close to $30 according to industry experts, and operators say a the multiplicity of regulators giving often contradictory and confusing regulation is a major factor. Operators in Nigeria’s oil and gas sector answer to at least 36 regulators with…

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