Nigeria will account for 24% of oil and gas projects in Africa by 2026

GlobalData’s report, ‘Africa Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development Stage, Capacity and Cost, 2022-2026’, reveals that out of the 109 projects expected to commence operations in Nigeria, petrochemicals would account for 14, upstream (fields) 26, midstream 31 and downstream (refineries) would have the highest amount with 38.

Oil Revenue: Ghana shortchanged by over US$5 billion

Executive Director for the Center for Natural Resources andEnvironmental Management (CNREM), Solomon Kwawukume, has stated that after ten years of oil production in the country, Ghana ha sbeen shortchanged over $5 billion in revenue, an amount that hesays is more than five years of E-Levy revenue expected to begenerated for the development of the country.