Sierra Leone signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company rights to explore and produce read more Sierra Leone signs $225m offshore oil exploration deal with Nigerian firm ]]>
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Sierra Leone signs $225m offshore oil exploration deal with Nigerian firm
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Sierra Leone has signed a $225 million petroleum licence agreement with Nigeria-based Marginal Energy Limited, allowing the company to explore and produce oil offshore. This deal grants the company rights to explore and produce oil in Sierra Leone's waters. The agreement is expected to boost the country's oil industry. The Nigerian firm will invest $225 million in the project.