Divestments by IOCs to hit 8.8bn barrels of reserves by 2015 – DPR

The Directorate of Petroleum Resources (DPR) has estimated that divestments by the International Oil Corporations (IOCs) by end of 2015 would hit a whopping 8.8 billion barrels of crude reserves, which would amount to 25 percent of the nation’s estimated reserves of 36 billion barrels. Also, the d