Under these deals, notable projects include Project Panther, Project Bison, Project Eagle Export Funding (Original, Subsequent, and Subsequent 2 Debts), Project Yield, and Project Gazelle.
The original loan, secured in 2020 for $935m, was serviced with 30,000 bpd and was fully repaid by September 2023.
The NEITI 2022-2023 report revealed a significant decline in crude oil output, reaching the lowest levels in a decade.
In 2022, the country produced 490.
94 million barrels of crude oil, a steep drop from the peak of 798.54 million barrels in 2014.
In 2023, Nigeria deferred 110.66 million barrels of crude oil, down from 153.
44 million barrels in 2022...
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