Nigeria Seeks $40-$50 Billion in Oil Investment as Output Rises Country’s crude production as high as 1.9m b/d two days ago Output should rise to 2.2m b/d in July if pipe repairs finish Nigeria is seeking $40 billion to $50 billion in investment in oil projects as the OPEC producer said it raised crude output to as much as 1.9 million barrels a day as of two days ago. The African producer signed a potential deal for $8.5 billion of investment with China North Industries Group Corp., Nigerian State Minister for Petroleum Resources Emmanuel Ibe Kachikwu said in a Bloomberg television interview in Beijing on Monday. The country’s crude output should rise to 2.2 million barrels a day next month if repairs to a pipeline are completed, he said. “We’re looking to raise about $40 to $50 billion,” Kachikwu said in the Bloomberg interview . “Going to places like […]