*Says Kolmani area has over one billion barrels of oil reserves and 500 billion cubic feet of gas
*Reiterates net zero carbon emission by 2060
Deji Elumoye in Abuja
President Muhammadu Buhari Tuesday declared that his administration attracted over $3bn investment in the Oil and Gas Sector at a time of near-zero appetite for investment in fossil energy.
Flagging off the Kolmani Integrated Development Project, a fully integrated in-situ development project comprising upstream production, oil refining, power generation and fertilizer in Bauchi, the President Buhari:
“Considering the land locked location and the huge capital requirement, the economics of the project is a challenging proposition. Consequently, from the outset, I instructed NNPC Limited to utilize and leverage their vast asset portfolio across all corridors of its operations to de-risk the project to attract the much-needed investment.
“It is therefore to the credit of…
Source: Thisday Newspaper
