Stakeholders allay fear over interest of U.S., others in shale oil

• ‘Nigeria can offer new product’ DESPITE the rising interest in the production of shale oil in the United States (U.S.) and other countries, it may not adversely affect Nigeria’s position in oil export business, according to stakeholders. Besides, the country’s potential to produce the shale oil has also been established despite its current higher relative cost of production. Oil shale, also known as kerogen shale, is an organic-rich fine-grained sedimentary rock containing kerogen from which ...
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Added June 04, 2013
from Guardian News