Nigeria heads for crucial elections
The country’s next president faces an uphill battle to revive the struggling oil and gas sector
Recent years have not been kind to Nigeria’s oil industry. New investment has slowed to a trickle amid a seemingly never-ending struggle with pipeline vandalism and oil theft. International players have largely divested onshore assets, preferring the relative safety of offshore fields. Production fell below 1mn bl/d last August, its lowest level for over 30 years. President Muhammadu Buhari has been unable to halt the industry’s decline during his eight years in power, although he did secure the passage of major regulatory reforms in 2021. The 80-year-old Buhari is now preparing for retirement; Nigerians will go to the polls to elect his successor on 25 February. The leading candidates inclu
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region