Russia shows interest in Nigeria’s petroleum industry — Energy — Nigeria News, Headlines and Opinions – The Guardian Nigeria Newspaper

Honorable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu in a handshake with Minister of Energy of Russia, Alexander Novak, at the sideline of the just concluded Organisation Petroleum Exporting meeting in Vienna.

Russia’s Energy Minister, Alexander Novak, has unveiled his country’s interest to explore Nigeria’s oil and gas industry, saying that preliminary technical talks will commence as soon as possible between the two countries.

He extended an invitation to Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to visit Russia during the next Gas Exporting Countries Forum Ministerial Meeting, scheduled for October, where further talks on the matter can take place.

According to a statement from the Ministry and signed by its Director, Press, Idang Alibi, the minister had approached Novak, to explore areas of mutual interest in their respective petroleum industry.

Kachikwu had expressed Nigeria’s interest in having Russia and Russians come to participate in the nation’s growing oil sector, pointing out that the reforms and processes being put in place are aimed at enhancing the investment climate in the country. He said these have already recorded major achievements with the ongoing implementation of the Seven Big Wins -Nigerian Petroleum Roadmap.

In a another development, the Minister of Mines, Industry and Energy of the Republic of Equatorial Guinea, Gabriel Mbaga Obiang Lima, has lauded Nigeria’s role in the recent admittance of the Country into the Organisation of the Petroleum Exporting Country (OPEC) membership.

Lima stated, “In one of the most critical moments of our oil history, Nigeria through its Minister, Dr. Ibe Kachikwu, stood by our side and showed itself to be a true friend and partner.

He further added, “Equatorial Guinea will always remember with gratitude and affection how Nigeria offered us support on our OPEC application and extraordinary assistance along with our African…

Read the full article from the Source…

Back to Top