NewsExpress banner First Bank Fashion Souk Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

Nigeria, Saudi Aramco discuss investment options

By News Express on 24/04/2019

Gmail icon

Views: 333

•Dr. Kachikwu
•Dr. Kachikwu

Nigerian Oil Minister Emmanuel Kachikwu and the president of Saudi Aramco have discussed investment options in the mid and downstream sector, Nigeria’s petroleum ministry said on Wednesday in a tweet. 

Aramco is expanding downstream operations such as refining and petrochemicals production as part of its drive to become the world’s largest integrated energy firm.

Nigeria imports the bulk of its petrol, despite being Africa’s biggest crude oil producer, due to its dilapidated refineries.

Last month, Nigeria’s state oil company said it was in talks with different consortiums to revamp its refineries and save billions of dollars on fuel imports.

Kachikwu is on an official visit to Saudi Arabia.

Nigeria’s petroleum ministry, on its Twitter feed, said Kachikwu and Aramco officials including its president discussed “areas of shared investment interests and existing viable investment options in the midstream and downstream sector”.

In another tweet, it said Kachikwu held talks with Saudi Arabia’s energy minister to “cement the budding interest to support Nigeria’s infrastructure development in the oil sector”.

The talks are the latest between Nigerian and Saudi officials. In February, Nigeria’s president said his country – a member of the Organization of the Petroleum Exporting Countries – was willing to reduce oil output to help secure higher prices after an envoy from Saudi Arabia called for better adherence to a deal on production cuts. (Reuters)

Source News Express

Posted 24/04/2019 6:50:09 PM

 

 

CLASSIFIED ADS

 

You may also like...
Boko Haram: ACF kicks as Nigeria Army shuts...

Kachikwu orders NNPC to clear Abuja fuel queues...

Boko Haram kills 9, abducts 40

The imperative of “people’s manifesto”, By Edwin Madunagu...

Trump threatens to dethrone North Korean Leader, give...

JAMB begins sale of Direct Entry forms, says...

17 Chinese, Ukrainian seamen kidnapped off Cameroon

CAF president released without charge

Transformation Agenda not a party programme – NPC...

Relations of deceased pensioners protest unpaid entitlements

Teenage weed farmer, three others nabbed

Senator Abe calls for unity among Rivers people...

 

Latest News 6 Boko Haram suspects captured in Sudan Catholic priest slumps, dies Mass sack hits Ekiti Varsity, over 900 workers thrown out Dokubo alleges corruption under Niger Delta Amnesty Programme 6 former governors who have been jailed for corruption Boko Haram kidnaps 17 children, youths 2023: Igbo leaders kick-start debate on Presidency, restructuring Police Inspector shoots man dead at Lagos club INEC sets January 2020 for 28 rerun elections 77,827 teachers to write qualifying exams Man shoots brother after ‘magic ring’ fails Obi hails elevation of Kaigama as Archbishop of Abuja, offers advice

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (568,962 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (455,253 views) Shameless Genevieve Nnaji exposes breasts in public (405,053 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (339,786 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (306,591 views) 10 cars more expensive than Jets (290,181 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (260,628 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (259,403 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (240,855 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (227,364 views) Lagos plane crash: Journalist releases victims’ names (203,256 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (199,750 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (111) Business & Economy (4,612) Business Verdict (89) Columnists (1,154) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (715) Features (851) Global Business Monitor (497) ICT Monitor (72) International (4,299) Interview (216) Live Commentary (30) Love Matters (177) Maggie's Blog (505) News (54,874) Opinion (1,435) Pidgin (18) Politics (11,847) Religion (1,130) Sports (2,243) Stock Watch (40) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera