Fox Petroleum, an India-Based Company will invest $7.5 billion in NNPCL over the next three years. This is according to a company statement issued on Monday, December.
The announcement came from a statement signed by Yomi Sola Falana, the company’s Business Representative.
In that statement, the company mentioned that their decision was influenced by President Bola Ahmed Tinubu’s commitment to increasing Nigeria’s oil and gas production, amping up reserves, boosting the country’s income, creating lots of job opportunities for Nigerians, and aiding the growth of communities where they operate.
Fox Petroleum plans to use the money to help NNPCL grow following the new Petroleum Industry Act (PIA) that was recently put into action.
