Nnpc chevron sign 1 7bn deal increase crude gas production #

It appears that NNPC (Nigerian National Petroleum Corporation) and Chevron have signed a deal worth $1.7 billion to increase crude and gas production in Nigeria.

Here's a breakdown of the deal:

• The deal is a joint venture agreement between NNPC and Chevron to increase crude oil and natural gas production in Nigeria.
• The agreement is worth $1.7 billion, which is a significant investment in the Nigerian oil and gas sector.
• The deal is expected to increase crude oil production by 50,000 barrels per day and natural gas production by 150 million standard cubic feet per day.
• The increased production is expected to boost Nigeria's economy and provide more revenue for the government.
• The deal is also expected to create jobs and stimulate economic growth in the region.

Overall, this deal is a significant development in the Nigerian oil and gas sector and is expected to have a positive impact on the country's economy.