Great Nigeria Plans Of Total

France?s Total, the biggest domestic oil company, is likely to invest about $10 billion in order to expand its operations in Nigeria, the company chairman said in a presentation to President of Nigeria Olusegun Obasanjo in Paris.
Thierry Desmarest said with the fund, Total would "substantially expand its investment in Nigeria.?
He also stated that the company would continue to invest more in the downstream oil sector, noting that more fund would be committed to LNG and the Independent Power Project being pursued by the company.
Obasanjo told the Total chairman that the government would continue to make the economic environment in the country conducive and safe for investors.
The President criticized the recent attack on oil workers in the Niger Delta and stressed that the Federal Government and the states in the region would continue to collaborate to make the area safe.
Desmarest said the company would double its crude oil production output to hit 600,000 barrels in the next five year.