Refiners: N67trn Oil projects fund threatened in Nigeria
The African Refiners and Distributors Association (ARDA), has expressed concern that funding for oil projects, totaling over $160 billion
Source: peoplesdailyng.com
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Funding for N67trn oil projects threatened in Nigeria – Refiners
As the global shift from fossil fuels mounts, the African Refiners and Distributors Association (ARDA) is worried that funding, totalling over $160 billion (N67.118 trillion), for oil projects is threatened in Nigeria. ARDA stated this during its Work Group Workshop Series on HSE & Quality, noting, “Indeed, over $160 billion projects are currently under financial […]
Source: dailytrust.com
Fresh worries for oil, gas projects over ESG standards
Oil and gas experts are worried over the impacts of Environmental, Social, and Governance (ESG) issues on financing for oil and gas projects, insisting that unless borrowers like Nigeria and other African oil producers quickly adapt, securing necessary funding for the sector may remain very difficult.
Source: guardian.ng