Sahara Group's Big Oil Bet in Nigeria
Update: 2025-10-06
Description
Sahara Group is making a massive play to ramp up African crude oil production to 350,000 barrels per day by 2030, with Nigeria as the centerpiece of this ambitious expansion. Investing in seven new drilling rigs and aligning with the Nigerian government's goals to boost national output, Sahara faces both huge opportunities and persistent challenges like oil theft as it aims to reshape Africa's energy landscape alongside giants like Exxon, Shell, and TotalEnergies.
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