Exxon Mobil Announces $10 Billion Investment in Nigeria's Owo Deep-Water Project

Sep 26, 2024, 11:29 AM

Exxon Mobil Corp has announced a proposed $10 billion investment in Nigeria's deep-water oil operations. The investment, confirmed by the Nigerian presidency, is aimed at the Owo Deep-Water Project. Vice President Kashim Shettima welcomed the proposal, highlighting it as evidence of the administration's economic reforms and investment-friendly policies. The announcement was reported by Reuters from Abuja.