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We’ve found 1bn barrels of crude oil in northeast – Minister of petroleum says

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A large quantity of crude oil deposit to the tune of one billion barrels has been found in the north east of Nigeria, minister of state for petroleum resources, Timipre Slyva, disclosed.

Sylva made the pronouncement at a news conference to mark the end of the 2020 Nigeria International Petroleum Summit in Abuja.

“The figure we’re getting, the jury is not totally out yet, but from the evaluation results we’re getting, the reserve that has been discovered in the northeast is about a billion barrels.

“Those are the kind of figures we’re seeing and we’re beginning to understand the geological structure of the region,” he said.

(NAN)

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