Post by
minigoon on Oct 08, 2021 6:33pm
Look out if they can follow through with words to results !
Nigeria along with the new 20 year PIA act that recently passed, plans to increase production by 310 % to 4 million barrels a day, Yikes !
Comment by
toptiger on Oct 09, 2021 9:09am
that would upset the opec+ plans though wouldnt it ?
Comment by
hikari on Oct 10, 2021 6:04am
Good news, but I think it is just a pipe dream and I would expect that project execution will be the problem.
Comment by
minigoon on Oct 10, 2021 3:11pm
It's like the US saying their self sufficent in energy when they produce 11 mil boe and use 18 mil boe. Yes Nigeria pipe dream with the the big numbers. What i look at is with the new PIA act finalized, if some of the funds can be filtered down to the little guy in regards to giving back to their people, then even a 50 to 100 % gain would be huge for oil stock prices of African oil stocks.
Comment by
RHertig on Oct 13, 2021 10:23am
In 2020 the US produced 18.4 and used 18.1 not sure where you are getting your numbers from.
Comment by
minigoon on Oct 13, 2021 11:20am
shorten your word search from " Petrochemicals " to the word " oil "