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Nairaland Forum / Nairaland / General / Business / Addax Plans $5bn Investment In Nigeria (8277 Views)
NNPC Secures $5bn Funding From Afreximbank For Nigeria’s Oil Industry / Addax To Pay Billions Of Naira For Death, Losses & Damages Arising From Izombe W / Nigeria Moves To Recover $3 Billion From Chinese Owned Addax Petroleum (2) (3) (4)
Addax Plans $5bn Investment In Nigeria by deji17: 8:56pm On Dec 11, 2017 |
Addax plans $5bn investment in Nigeria Published December 11, 2017 Addax Petroleum ’Femi Asu Addax Petroleum Development (Nigeria) Limited has said it is planning a fresh investment of $3bn to $5bn in Nigeria over the coming years. The company, in a statement on Sunday, affirmed its commitment to Nigeria, saying its future in Nigeria remained very bright. It said it would optimise its oil and gas operations in the country and increase production from its existing assets, both onshore and offshore. According to the statement, Addax Petroleum/NNPC Production Sharing Contract has produced over 425 million barrels of crude oil over the 19 years when it took over operatorship of Oil prospecting Licences 98/118 and OPLs 90/225, previously operated by Ashland Nigeria Oil Company from 1973 to 1998. The company said as a contractor to and on behalf of Addax/NNPC PSC, it achieved the feat “through sustained investment in reserves and production growth activities, application of technology, and strong NNPC/DPR partnership and strong partnership with host communities.” http://punchng.com/addax-plans-5bn-investment-in-nigeria/ |
Re: Addax Plans $5bn Investment In Nigeria by veekid(m): 7:18am On Dec 12, 2017 |
Buhari sef |
Re: Addax Plans $5bn Investment In Nigeria by Humility017(m): 7:18am On Dec 12, 2017 |
good development....the problem we've been having is the money this multinational coys and even the NLNG pay as tax yearly including proceeds generated from customs no one knows how this money is being spent.... our leaders have now taken another step to start milking from the innocent citizens all in the guise of taxation.... 1 Like |
Re: Addax Plans $5bn Investment In Nigeria by Wizberg12(m): 7:19am On Dec 12, 2017 |
After wooing us with good news, the price of petrol keeps going high... 2 Likes 1 Share |
Re: Addax Plans $5bn Investment In Nigeria by Ihatepork: 7:19am On Dec 12, 2017 |
nice 1 Like |
Re: Addax Plans $5bn Investment In Nigeria by TechAddiction: 7:19am On Dec 12, 2017 |
Dats good.. 1 Like |
Re: Addax Plans $5bn Investment In Nigeria by hypertension(m): 7:19am On Dec 12, 2017 |
Still PLANNING?? LOL |
Re: Addax Plans $5bn Investment In Nigeria by wildcatter23(m): 7:21am On Dec 12, 2017 |
Q |
Re: Addax Plans $5bn Investment In Nigeria by dreamworld: 7:22am On Dec 12, 2017 |
Nice |
Re: Addax Plans $5bn Investment In Nigeria by venatus25(m): 7:22am On Dec 12, 2017 |
Story every where 1 Like |
Re: Addax Plans $5bn Investment In Nigeria by Blitz888(m): 7:24am On Dec 12, 2017 |
Same ol story. |
Re: Addax Plans $5bn Investment In Nigeria by passyhansome(m): 7:25am On Dec 12, 2017 |
GOOD |
Re: Addax Plans $5bn Investment In Nigeria by tempest01(m): 7:27am On Dec 12, 2017 |
Now that the Chinese own addax |
Re: Addax Plans $5bn Investment In Nigeria by Bolustical: 7:27am On Dec 12, 2017 |
Addax, Ogun state and the SW is ready for you. We're not landlocked and erosion will not wash off your investment neither will militants destroy your installations. 5 Likes 1 Share |
Re: Addax Plans $5bn Investment In Nigeria by Bolustical: 7:27am On Dec 12, 2017 |
Hmmn |
Re: Addax Plans $5bn Investment In Nigeria by AishaBuhari: 7:28am On Dec 12, 2017 |
All this "We will" "We want to" "We plan to" statements is really tiring. Mtchewww 3 Likes 2 Shares
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Re: Addax Plans $5bn Investment In Nigeria by MENTORCH(m): 7:28am On Dec 12, 2017 |
Plans everytime, action speaks louder than words. 2 Likes 1 Share |
Re: Addax Plans $5bn Investment In Nigeria by MrWondah(m): 7:29am On Dec 12, 2017 |
I no dey comment after e don pass first page |
Re: Addax Plans $5bn Investment In Nigeria by tolux247(m): 7:29am On Dec 12, 2017 |
Ok |
Re: Addax Plans $5bn Investment In Nigeria by anonimi: 7:30am On Dec 12, 2017 |
Wizberg12: ........that is what happens when we have a vision-less barawo bubu that is confused in charge of our country. www.nairaland.com/attachments/2589504_subsidy2_jpeg57ea79bc1f8758353f00f8db1d53dbf1 www.nairaland.com/attachments/3075523_bubu_jpeg548c6e11ce99a7bdf3febf4edabed9ea 1 Like |
Re: Addax Plans $5bn Investment In Nigeria by Nobody: 7:31am On Dec 12, 2017 |
Is Kaztec still in alliance with them? |
Re: Addax Plans $5bn Investment In Nigeria by victorazyvictor(m): 7:32am On Dec 12, 2017 |
Self destruct |
Re: Addax Plans $5bn Investment In Nigeria by mrvitalis(m): 7:32am On Dec 12, 2017 |
Humility017:Those revenue are used to pay workers little is left for capital projects 166bn every month for salaries 1 Like |
Re: Addax Plans $5bn Investment In Nigeria by anonimi: 7:33am On Dec 12, 2017 |
MENTORCH: You should not be surprised na. Barawo bubu is the renowned baba promise & FAIL. www.nairaland.com/attachments/3131247_cu55se7vaaaykzj_jpeg8d3b0e22c761643e651e5d09f82d1552 1 Like 1 Share |
Re: Addax Plans $5bn Investment In Nigeria by information1: 7:33am On Dec 12, 2017 |
Re: Addax Plans $5bn Investment In Nigeria by PowerGlory: 7:34am On Dec 12, 2017 |
You are treating your Contract Staff poorly. You take them as slaves. The most annoying thing there is it is the fellow Nigerians that halts the benefits that is to be given to these contract staff. Nigeria government should look into this monster called CONTRACT STAFF or CONSULTANT. The Contract Staff work and the Regular Staff take the glory and money. 1 Like |
Re: Addax Plans $5bn Investment In Nigeria by anonimi: 7:36am On Dec 12, 2017 |
mrvitalis: Which workers? The ones on N18,000 minimum wage? Or the ones receiving mega millions for doing nothing in NASS, Aso Rock and state houses plus assemblies and LGAs Please clarify after due investigation. www.nairaland.com/attachments/2943664_wage_jpeg1488711c5349aed5f79f2e121e58b278 www.nairaland.com/attachments/2525077_nationalassebly_jpeg71d66f931a1a7ec6df0b899a793ef6b6 2 Likes |
Re: Addax Plans $5bn Investment In Nigeria by Humility017(m): 7:37am On Dec 12, 2017 |
mrvitalis:how about the money some of this agencies generate...like FIRS, FEDERAL UNIVERSITIES, CBN, NNPC, Maritime etc.... the truth is our government officials often steal this money |
Re: Addax Plans $5bn Investment In Nigeria by ultron12345: 7:38am On Dec 12, 2017 |
Igbos will have heart attack over this, they will be green with bitterness 2 Likes 2 Shares |
Re: Addax Plans $5bn Investment In Nigeria by jimyjames(m): 7:39am On Dec 12, 2017 |
we need investors in other sectors like agriculture , electricity etc enough of this oil investors |
Re: Addax Plans $5bn Investment In Nigeria by mrvitalis(m): 7:43am On Dec 12, 2017 |
Humility017: What was our total revenue last year ? You think money generated by u.i or unn can run the school a month ? We don't generate enough revenue and that's a know fact Compare out budget to that of Angola then you see where the problem is 1 Like 1 Share |
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