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NNPC Head Says Middle East Oil Firms May Invest in Nigeria’s Petro Sector

Tuesday, October 8, 2019

Mele Kyari, the head of the Nigerian National Petroleum Corporation (NNPC) last week said that Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) are considering investing in Nigeria’s oil and gas sector, including in the upstream, midstream, and downstream. Kyari was quoted as making this statement during a conference in the UAE, according to a S&P Global Platts report.

The S&P Platts report went on to say that initially these investments would be low-risk ventures.