Nigeria Oil & Gas Q4 2019
Nigeria's stable environment and higher oil prices are bringing more focus to the country's oil and gas production. The2019 elections are expected to catalyse renewed optimism for reform for the oil and gas sector but it is unlikely that the process willyield results in the near term. Improved fiscal and regulatory terms would revitalise the industry and spurn investment though thePetroleum Industry Bills still have yet to pass the first part relating to governance. The refining sector is due to be transformed withthe start-up of the Dangote facility which we expect will be delayed to 2022.
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