Nigeria Bidding Highlights Interest In Offshore Oil

The Nigerian government is unveiling this year’s available oil concessions with off-shore offerings likely to be the most sought-after. Joe Bavier reports from the VOA West Africa regional bureau in Abidjan on how instability in the Middle East is boosting interest in West African oil, but violence on the mainland has investors wary.

Officials from Nigeria’s oil regulatory agencies have announced what they are touting as a new, more transparent, system of awarding oil drilling concessions.

VOA