Nigeria plans to auction some 2bn barrels of oil reserves by the end of the year, according to a senior official.
The bidding round could see Asian groups and home-grown companies carve out a greater share of Africa's biggest energy industry, the fifth-largest crude supplier to the US.
“There will be a bid round this year that will include small or marginal fields. But there will be big ones as well . . . I would predict a couple of billion [barrels of reserves],” said Emmanuel Egbogah, special adviser to the president on petroleum matters.
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