Heirs Energy Secures $750m Afreximbank Facility to Boost Oil and Gas Production Nigeria’s indigenous energy company

Heirs Energy Secures $750m Afreximbank Facility to Boost Oil and Gas Production
Nigeria’s indigenous energy company

Heirs Energy, has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to expand and scale up its oil and gas operations.

The funding is aimed at significantly increasing the company’s production capacity, with crude oil output projected to rise to about 100,000 barrels per day. 

Gas production is also expected to reach approximately 250 million cubic metres, strengthening Nigeria’s domestic energy supply and export potential.