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Exxonmobil Discovers One Billion Barrels of Oil in Nigeria

Barely a week after it sold its downstream subsidiary in Nigeria, United States’ oil giant, ExxonMobil Corporation, has announced the discovery of up to one billion barrels of oil reserves in the Owowo field, offshore Nigeria. The development is a boost to Nigeria’s efforts to increase her crude oil reserves from the current 36 billion barrels…

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