Exxon Proposes $10 Billion Investment in Nigeria’s Deepwater Oil

U.S. supermajor ExxonMobil has proposed an investment of $10 billion in Nigeria’s deepwater oil resource development, Stanley Nkwocha, spokesman and senior special assistant to the Nigerian President, said in a statement on Thursday. Nigeria’s Vice President Kashim Shettima “welcomed ExxonMobil's proposed $10 billion investment in Nigeria's deep-water oil operations, describing it as a clear testament to the administration's economic reforms and investment-friendly policies,” says the statement.   Shettima on Wednesday…