Nigeria’s Shoreline in $530-million deal to boost oil output
Shoreline Group, a Nigerian oil producer, plans to almost double its crude output after agreeing a $530-million finance deal with Vitol Group and local lenders. Shoreline will seek to boost production to between 80,000 and 100,000 bpd this year, CEO Kola Karim said. The company currently pumps about 55,000 bpd. Besides Vitol, the world’s biggest…
