The Indigenous
Advantage
A Window for Indigenous
Oil Firms – Nigeria to hand $10b to indigenous oil companies
Kainji Resources Ltd. (Nigeria) is an early-stage oil and gas exploration and production company structured to build on favourable fiscal conditions for indigenous Nigerian corporations.
The recently passed Nigerian Oil and Gas Industry Content Act 2010 establishes a legal and regulatory framework for the growth of the indigenous oil and gas companies, by giving priority to Nigerian independent operators in the award of oil blocks, oil field licenses, oil lifting licenses and all projects. The Nigerian federal government announced in September 2010 that it will allocate $10 billion worth of the total $18 billion in annual oil expenditure to indigenous oil and gas companies.
Kainji Resources Ltd. (Nigeria) is an early-stage oil and gas exploration and production company structured to build on favourable fiscal conditions for indigenous Nigerian corporations.
The recently passed Nigerian Oil and Gas Industry Content Act 2010 establishes a legal and regulatory framework for the growth of the indigenous oil and gas companies, by giving priority to Nigerian independent operators in the award of oil blocks, oil field licenses, oil lifting licenses and all projects. The Nigerian federal government announced in September 2010 that it will allocate $10 billion worth of the total $18 billion in annual oil expenditure to indigenous oil and gas companies.