Petroleum Africa
Find us on: 
Monday, April 29, 2019
Nigeria and Saudi Arabia plan to draft a MoU on an oil and gas partnership. The partnership could lead to a new refinery for Nigeria. The MoU is also aimed at acquiring investments in Nigeria’s LNG sector.
Minister of State for Petroleum Kachikwu said an early draft of a MoU would be ready in the first week of May.
“Areas of interest will cover the existing refinery revamp, building of a brand new refinery, LNG investments and product supply trading in crude and refined products,” the ministry said in the statement.
The statement went on to say that Saudi’s energy minister, Khalid Al-Falih had reiterated the possibility of establishing an independent refinery in Nigeria, considering it the best hub from which to reach other African countries.
" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">
" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">
" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">
" alt="Infill Drilling to Resume at the Ceiba Field in Equatorial Guinea">
" alt="Uganda National Oil Company Appoints New Executive">
" alt="World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC">
