Nigerian subsidiary setup by Romania's Grup

Local oil services company Grup Servicii Petroliere (GSP), owned by the Romanian investor Gabriel Comanescu, will set up a subsidiary in Nigeria, the country with the largest oil and gas industry in Africa. Nigeria’s proved oil reserves are estimated between 16 and 35 billion barrels, and the investments in this sector will amount to USD 200 billion in the next ten years. Constanta-based GSP performs offshore drilling and construction for ...

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