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Oil majors shy on Nigeria, look elsewhere for growth opportunities

… Book strong results despite low oil prices


Oil majors are fine-tuning their growth strategies either for petrochemicals, gas or energy transition programmes, but Nigeria is not a high priority investment destination. According to their full-year 2018 financial results released recently, ExxonMobil, Total and Chevron booked strong results despite a 40 percent decline in the value of oil prices in the fourth quarter…

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