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By Solomon Asowata Lagos, May 25, 2021 The Nigerian Content Development and Monitoring Board (NCDMB), says it plans to complete eight oil and gas projects within the next two years. Mr Simbi Wabote, the Executive Secretary, NCDMB, made the disclosure on Tuesday at the opening of the virtual 2021 Nigerian Oil and Gas
More than half of the Liquefied Petroleum Gas (LPG), also known as cooking gas, consumed in Nigeria in April was imported from three countries despite the huge gas reserves in the country.
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Published 26 May 2021
The Nigerian Content Development and Monitoring Board said that it had committed a total of $332m to venture partnerships and targeted $3.7bn in direct investment to the country.
The Executive Secretary of the NCDMB, Simbi Wabote, said this at the 2021 edition of the Nigerian Oil and Gas Opportunity Fair held virtually.
He listed the proposed projects under the partnerships and as well as the achievements the board had made from the previous edition in 2019.
Wabote said the partnerships included the 5,000 barrels per day Waltersmith Modular Refinery at Ibigwe, Imo State, the establishment of 80 million standard cubic feet per day gas processing plant with the NEDO Gas Processing Company in Kwale, Delta, and a 300 MMscfd Kwale Gas Gathering hub.