Africa upstream investment falls to $37 billion as Nigeria, 4 others dominate sector — IEA

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Africa’s upstream oil and gas investment declined to $37 billion in 2025 from $68 billion in 2016, dominated by Nigeria and four other major producers, per IEA report.

Africa’s upstream oil and gas investment fell to $37 billion in 2025 from $68 billion in 2016, with Nigeria and four other major producers accounting for most of the continent’s investment and production. The post Africa upstream investment falls to $37 billion as Nigeria, 4 others dominate sector — IEA appeared first on Nairametrics.