According to Nigeria's "business" on October 28, Mobil recently announced that it had discovered nearly 1billion barrels of oil reserves off the coast of Nigeria. Estimated at the current oil price of $50 a barrel, the oil field is worth $50billion. Under the current situation of weak Nigerian economy, this is tantamount to bringing great good news to the Nigerian government. Nepal's oil reserves have been declining since 2007, and the reserves have been unstable, amounting to 30billion barrels According to the traditional autotransformer control method, the oil fields discovered this time are offshore and coastal areas. If new offshore oil fields can continue to be explored, it will bring hope for Nigeria's oil reserves to increase to 40billion barrels by 2020
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