KPMG chief warns on shale threats, poor investment in oil

KPMG chief warns on shale threats, poor investment in oil

KPMG has warned the Federal Government of Nigeria of the dangers of not investing in the upstream oil sector and the threat of shale oil to the country’s revenue drive. KPMG’s Global Chairman, Energy and Natural Resources Sector, Michael Soeting, told reporters in Lagos, that the government should be concerned with lack of investments in the oil and gas exploration and production, which is resulting in depletion in oil reserves and revenues.
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