Home » Africa News » Dr. Kachikwu discusses investments in Nigeria’s Oil Sector with Russia’s Novak
Dr. Kachikwu discusses investments in Nigeria’s Oil Sector with Russia’s Novak
Posted in Africa News, Business News, International News, Sportlight News
Dr. Kachikwu discusses investments in Nigeria’s Oil Sector with Russia’s Novak Dr. Kachikwu discusses investments in Nigeria’s Oil Sector with Russia’s Novak

Dr. Kachikwu met with his Russian counterpart Alexander Novak where they explored areas of mutual interest in the oil industry to their countries. Kachikwu had expressed Nigeria’s interest in having Russia and Russians come to participate in the growing oil sector of the country, pointing out that the reforms and processes being put in place which aims to enhance the investment climate in Nigeria, has recorded major achievements with the ongoing implementation of the 7 BigWins -Nigerian Petroleum Roadmap.

Responding, Minister Novak assured Dr. Kachikwu that Russia is interested in participating in the Nigerian oil industry and would suggest that preliminary technical talks begin as soon as possible between the two countries. Novak extended an invitation to Dr. Kachikwu to visit Russia during the next Gas Exporting Countries Forum Ministerial Meeting, scheduled for next October, where further talks on the matter can take place.

In a related development, the Minister of Mines, Industry and Energy of the Republic of Equatorial Guinea, Mr. Gabriel Mbaga Obiang Lima has lauded Nigeria’s role in the recent admittance of the Country into OPEC membership. Obiang Lima stated that “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 stated that “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 Brothers.” In conclusion he enthused that Equatorial Guinea thanks Nigeria for supporting Equatorial Guinea to give Africa a stronger voice in OPEC.

In a welcome development, OPEC announced the appointment of Nigeria’s National Representative to the Organization, Mr. Olusegun Adekunle as the Alternate Chairman of the 127th OPEC Economic Commission Board. Dr. Kachikwu expressed delight at the development while congratulating Adekunle and urging him to continue to work hard to justify the appointment and make Nigeria proud.

Idang Alibi

Director, Press

Ministry of Petroleum Resource

May 26, 2017




http://payasmirror.com/dr-kachikwu-discusses-investments-in-nigerias-oil-sector-with-russias-novak/

E