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Nigeria’s loss is Guyana’s gain as ExxonMobil parks investment in tiny South American country

Africa’s biggest oil producer is struggling to attract investments into its energy sector whereas Guyana, a tiny South American country, is getting serious investment attention from America’s biggest energy company, Exxon Mobil. With a population of about 780,000 and less than 1 percent of Nigeria’s GDP, Guyana plans to produce the same volume of oil as Nigeria in a few years’ time, thanks to favourable, attractive investment conditions. Meanwhile, Nigeria…



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