Energy

With an abundant supply of natural resources, Nigeria’s oil and gas sector plays a key role in global energy. Its oil deposits have been a major source of crude for decades, while its less developed natural gas fields offer resources that have yet to be fully tapped. In addition to being a traditional heavyweight in terms of output, the energy sector is also notable for its early success in building local content in upstream activity. Policy moves over the past two decades have enabled young firms to acquire and develop oil and gas blocks, build pipelines and distribution networks, and, based on the current project pipeline, refineries as well. However, there is still room for improvement, Nigeria’s midstream infrastructure is lacking, and while this has held back overall development, it affects natural gas resources in particular. This chapter contains interviews with Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources; and Tunde Afolabi, Chairman and CEO, Amni International Petroleum Development Company.