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As oil investments dry up in Nigeria, E. Guinea reaps $1.4bn

Small producer Equatorial Guinea forecasts investments of at least $1.4 billion in its hydrocarbon sector next year through the development of oil projects and an increase in exploration. The bumper harvest of FDI is coming at a time Africa’s largest economy Nigeria is stuck in the wilderness, with aggregate FDI for 2019 estimated to fall further to…

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