Petroleum Africa
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Thursday, September 12, 2013
Nigeria and Kenya are partnering together according to recent reports. Nigeria will be aiding Kenya in building a sustainable framework for its burgeoning petroleum industry. Business Day said Nigeria’s Minister of Petroleum Resources, Diezani Alison-Madueke, made the disclosure adding that the partnership was one of the seven MoUs and bilateral agreements signed by delegates of both countries at the first ever Nigeria-Kenya Investment Forum.
“Kenya knows that it only makes sense that we exchange agreement in cooperation to hand over knowledge, capabilities and experience learnt. They want various templates that we have formulated, including policies, processes and a sort of templates that form Petroleum Industry Bill among others,” Alison-Madueke said. Kenya is said to have offered oil blocks to Nigerian firms.
She added: “They are very keen that Nigerians operators in the upstream, midstream and downstream service sectors of the oil and gas industry look to Kenya as a burgeoning frontier for investments in oil and gas. They are also very keen that we robustly support them in setting up the right framework, policies, and processes and technology to help them drive the exploration activities.”
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