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Nigeria: ExxonMobil plans to mine Bitcoin with gas for flaring

30/03/2022
Categories: Economy/Forex

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Nigeria is one of the biggest players in gas flaring globally. ExxonMobil, which is one of the largest producers in the country, has been working for several years to reduce its level of gas flaring, while creating added value for its activities.

In Nigeria, the American oil and gas producer, ExxonMobil has announced that it is preparing to launch the pilot phase of a bitcoin mining project from surplus natural gas that would normally be flared. The operations were scheduled to be carried out at the company's terminal in Qua Iboe, Akwa Ibom State, but no date has been announced for the start of operations.

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