Nigerian leader welcomes collaboration with Saudi energy company

By Timothy Choji

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President Muhammadu Buhari with the Chairman of Aramco and Governor of PIF, Yasir Al-Rumayyan.

President Muhammadu Buhari has welcomed the commitment of Saudi energy company, Aramco, and Public Investment Fund (PIF), to explore areas of collaboration for investments in Nigeria.

The partnership with the Nigerian National Petroleum Corporation, NNPC, to revive the nation’s refineries is also included.

At a meeting with the Chairman of Aramco and Governor of PIF, Yasir Al-Rumayyan, on the margins of the Future Investment Initiative (FII), President Buhari said Nigeria had a lot to learn from the expertise and professionalism of one of the world’s leading energy company.

On the need to improve the efficiency of the oil and gas industry, President Buhari said;  “it is noteworthy that Nigeria’s energy company would soon embark on a diagnostic assessment of refineries, pipelines, depots and other infrastructure, to ascertain the level of collaboration with the Aramco.”

‘‘Nigerian officials are ready to collaborate with you, they will identify their priorities and invite you for a meeting in the country so that you can go round to inspect the refineries and other oil facilities,’’ the President told Aramaco’s chairman.

Yasir Al-Rumayyan affirmed the company’s position to promote business investment opportunities through technology across the energy sector, noting its interest in Nigeria’s energy sector.

The President instructed the Minister of State, Petroleum Resources, Timipre Sylva, the Minister of Industry, Trade and Investment, Niyi Adebayo and the Group Managing Director NNPC, Mele Kolo Kyari to work with the Saudis and expedite the modalities for investments and collaborations in Nigeria’s oil and gas sectors.

He also used the occasion to reaffirm Nigeria’s solidarity with Saudi in the aftermath of recent attacks on Aramco oil facilities, praising the kingdom’s recovery after the incident.

Yasir Al-Rumayyan affirmed the company’s position to promote business investment opportunities through technology across the energy sector, noting its interest in Nigeria’s energy sector.

 

Mercy Chukwudiebere