Oil Giant

Natural Gas

Nigeria’s Independent Oil Giant to Invest $5 Billion to Increase Output

Nigeria’s major independent oil producer plans to spend up to $5 billion to elevate its natural gas and oil production over the next five years. Aiteo Eastern E&P Co. intends to drill new oil wells and reopen present ones as it seeks to boost production, CEO Victor Okoronkwo said Tuesday in an interview. It can additionally try to extend its…