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Society of Petroleum Engineers Nigeria Annual International Conference and Exhib

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Situations

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Nigeria oil output, refinery expansion, offshore investment

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Latest: Nigeria targets up to $50 bn offshore oil investment by 2030

In early July 2026 Nigeria reported crude output above 1.8 million barrels per day, crediting recent sector reforms. By 30 July the government set a target to raise operational refining capacity from about 732,000 bpd to