Nigerias oil sector to get boost with $315m Dubai-launched production vessel.

Vice President Kashim Shettima has unveiled a $315m oil production vessel in Dubai as part of efforts to boost Nigeria's oil sector, according to Oriental Energy Resources Limited. The Floating Production, Storage and Offloading vessel is set to enhance the country's oil production capabilities.

Vice President Kashim Shettima has officially launched a $315 million oil production vessel in Dubai as part of efforts to boost Nigeria's struggling oil sector. The Floating Production, Storage and Offloading (FPSO) vessel was unveiled by Oriental Energy Resources Limited, with the VP representing President Bola Tinubu at the ceremony. This significant investment aims to increase Nigeria's oil production capacity and mitigate the country's dependence on imports.