• About
  • Contact
  • Advertise
  • Privacy Policy
  • Terms Of Use
Monday, July 7, 2025
No Result
View All Result
Converseer
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports
No Result
View All Result
Converseer
No Result
View All Result

TotalEnergies picks Angola over Nigeria to site $6bn energy project

by Editorial Team
20 May 2024
in News
TotalEnergies TotalEnergies picks Angola over Nigeria to site $6bn energy project

TotalEnergies, one of the world’s leading firms for energy, has chosen Angola over Nigeria to site its $6 billion energy project.

Giving the reasons for the diversion of the project from Nigeria, the Chief Executive Officer (CEO) of TotalEnergies, Patrick Pouyanne, cited inconsistency in policymaking decisions as one of the major reasons.

The TotalEnergies CEO stated this while speaking with panellists of the Africa CEO in Kigali, Rwanda, adding that Angola is a country with a more stable policy framework, which he said every business concern would first consider before starting investment.

According to SaharaReporters, Pouyanne said the Niger Delta is the most productive region in West Africa, noting that the erratic policy environment has made investment untenable.

“TotalEnergies has not conducted oil exploration in the region for 12 years,” Pouyanne revealed, adding that “Nigeria loves to open topics without closing them”.

READ ALSO: EFCC arrests 101 suspected Yahoo Boys in Enugu, Imo, Kaduna

He further stated, “You love to debate. There is always a new legislature in Nigeria about a new petroleum law. When you have such permanent debates, it’s difficult for investors looking for long-term structure to know what direction to go.

“In reality, the Niger Delta is the most prolific part of West Africa. But if you look at what happened, because of these debates, there has not been a single exploration in Nigeria for 12 years.”

He added, “It’s important to have a debate and then settle it and put a framework on the table that investors can trust.

“We have countries that have perfectly integrated policies like Angola. So, we go to Angola and announced a very large $6 billion project at the beginning of the week because there their framework is stable. So we know where we go,” Pouyanne said.

Insecurity, lack of talent stifling investment, in addition, Pouyanne said that insecurity and the lack of human capital are two of the main issues facing investment in the country.

Tags: Africa NewsNigeria News

Related News

News

Is My Dog High? One Problem With Edibles

3 months ago
News

Tonto Dikeh explains how she achieved growth in a world full of jealousy, animosity, deceit

4 months ago
News

Actor Paul Rodriguez drug possession case rejected due to insufficient evidence

3 months ago
News

Senegal Intensifies Battle Against Counterfeit Currency, Seizing Over 2 Billion CFA Francs

5 months ago
DJ Jimmy Jatt Shares His Journey Battling Chronic Kidney Disease and Losing His Vision in 2020
News

DJ Jimmy Jatt Shares His Journey Battling Chronic Kidney Disease and Losing His Vision in 2020

6 months ago
News

Best online casinos in Australia

3 months ago

Latest News

Cross River Chief of Staff reaffirms loyalty to Governor Otu, donates to church

Calls intensify for NOUN study centre in Ogoja

Mbappé’s bicycle kick seals Real Madrid’s 3-2 win over Dortmund

Dr Agbor calls for unified action to combat quackery in Obudu

Community forces man to marry his 13-year-old daughter after impregnating her in Cross River

Reactions trail Imoke’s defection from PDP to ADC

About Us

Converseer is an online newspaper that delivers impartial, comprehensive news coverage on politics, business, health, tech, metro, and education, among other topics.

Social Media

  • Facebook
  • WhatsApp
  • X (Twitter)
  • YouTube
  • Telegram

Coverage

  • Africa
  • Americas
  • Asia
  • Europe
  • Middle East

Special Pages

  • Special Reports
  • Fact Check
  • Feature
  • Opinion
  • History
  • About
  • Contact
  • Advertise
  • Privacy Policy
  • Terms Of Use

© 2025 Converseer - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports

© 2025 Converseer - All Rights Reserved.