Nigeria Seeks $40-$50 Billion in Oil Investment as Output Rises

  • Country’s crude production as high as 1.9m b/d two days ago
  • Output should rise to 2.2m b/d in July if pipe repairs finish
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Nigeria is seeking $40 billion to $50 billion in investment in oil projects as the OPEC producer said it raised crude output to as much as 1.9 million barrels a day as of two days ago.

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