The possibility of establishing a refinery in Nigeria has been suggested by Saudi Arabia.
During a meeting with Nigeria’s State Minister for Petroleum Resources, Ibe Kachikwu in Riyadh, Minister of Energy Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al Falih dropped the hint.
Kachikwu, who affirmed the position of the Saudi oil minister, said Nigeria looked to Saudi Arabia due to the successes of the country in the sector.
“We want to leverage the tremendous petroleum success of the Saudi government. Saudi Aramco, an NNPC equivalent, made about $ 200 billion as profit last year alone.
“We have many common ground, historical ties, and religious ties, and we need to move on. In OPEC, especially in the Ministry of Energy, we cooperate a lot with each other, “Kachikwu said.
He said Nigeria is already establishing a team to make the visitor’s reasons a reality. A statement by Nigeria’s oil ministry, Kachikwu met with Saudi Aramco’s top executives in Dhahran on Tuesday to crystallize ongoing discussions on collaborating on investments in the oil and gas sector with the Nigerian federal government. The minister was received by Saudi Aramco’s president and chief executive, Amin H. Nasser, and the conglomerate’s top management.