• Latest
  • Trending
OPEC targets Crude price stability

Nigeria, Saudi Arabia strategise for OPEC

November 28, 2018
appointments:-enugu-north-unfairly-treated-–-buhari-movement

Appointments: Enugu North unfairly treated – Buhari Movement

July 13, 2020
federal-legislator-advocates-cancellation-of-annual-recess-over-critical-bills

Federal legislator advocates cancellation of annual recess over critical bills

July 13, 2020
covid-19:-bill-gates-is-linked-to-666-–-pastor-chris-okotie-reveals-satan’s-plans

COVID-19: Bill Gates is linked to 666 – Pastor Chris Okotie reveals Satan’s plans

July 13, 2020
ogun-nnpp-fires-abiodun-as-bridge-collapses-less-than-one-year-after-construction

NNPP fires Abiodun as bridge collapses less than one year after construction

July 13, 2020
efcc:-magu-worked-for-osinbajo,-tinubu,-they-are-his-godfathers-–-fani-kayode

EFCC: Magu worked for Osinbajo, Tinubu, they are his godfathers – Fani-Kayode

July 13, 2020
covid-19:-ncdc-announces-discharge-of-13,447-patients,-571-new-cases

COVID-19: NCDC announces discharge of 13,447 patients, 571 new cases

July 13, 2020
magu:-buhari,-apc-against-corruption-–-spokesman,-nabena

Magu: Buhari, APC against corruption – Yekini Nabena

July 13, 2020
malami-breaks-silence-on-approving-auctioning-of-seized-oil-vessels

Malami breaks silence on approving auctioning of seized oil vessels

July 12, 2020
nigerian-troops-kill-scores-of-bandits,-rescue-kidnapped-victims-in-sokoto,-zamfara

Nigerian troops kill scores of bandits, rescue kidnapped victims in Sokoto, Zamfara

July 12, 2020
kwara-deputy-governor’s-staff-contract-covid-19

Kwara Deputy Governor’s staff contract COVID-19

July 12, 2020
how-nigerian-govt,-states,-lgs-shared-n7.8-trn-in-2019-[breakdown]

How Nigerian govt, States, LGs shared N7.8 trn in 2019

July 12, 2020
covid-19:-guidelines-for-school-reopening-in-akwa-ibom-unrealistic,-tough-–-proprietors

COVID-19: Guidelines for school reopening in Akwa Ibom unrealistic, tough – Proprietors

July 12, 2020
  • About Us
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy
Friday, December 1, 2023
Nigerian News
  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security
No Result
View All Result
Nigerian News
  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security
No Result
View All Result
Nigerian News
No Result
View All Result

Nigeria, Saudi Arabia strategise for OPEC

by Olalere Abolore
November 28, 2018
0
OPEC targets Crude price stability

OPEC targets Crude price stability

791
SHARES
6.5k
VIEWS
Share on FacebookShare on Twitter

Nigeria and Saudi Arabia have met to strategise ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, in December.
Dr Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this while briefing newsmen on Wednesday in Abuja after a brief meeting with the Saudi Arabian Minister of oil and Energy HE Khalid Al-Falih.

He said that the main aim of the visit of Al-Falih was to seek areas of collaboration with Nigeria and how both countries would help to ensure price stability at the upcoming OPEC meeting.

ReadAlso

COVID-19: Saudi Arabia stops tax, disburses N910bn to private sector workers

Oil set for big weekly gains as OPEC+ agrees on deeper output cuts

“His visit is a short one but we spent time and visited the Vice president, we discussed issues on oil output, what we are doing and how to prepare for OPEC meeting.

“The Idea is to help be a strong voice in global oil price stability,’’ he said

Web Hosting in Nigeria

According to him, both ministers also discussed issues on revamping of Nigerian refineries considering Saudi’s strong and massive refineries experience.

Responding to a question on whether Nigeria would seek exemption for Crude oil production cap at the OPEC meeting, he said that it was too early to determine adding that Nigeria would continue to work with OPEC.

“We will continue to work with OPEC to keep to what we agree upon, we will make decisions that will support OPEC,’’ he said

Kachikwu noted that since the last exemption, Nigeria had come up and the production figure had been better than what it used to be.

In his Comment, Al-Falih commended the Nigerian government for its effort and said that Nigeria remained a force to reckon with in the African region.

He said that the major aim of his visit was to prepare ahead of the OPEC meeting on Dec. 6.

“Saudi Arabia and Nigeria are close culturally and socially, Nigeria is a corner stone in Africa and it’s a very important country for Africa, Middle East and the globe,’’ said.

He said that both countries apart from discussions on global market oil stability, also looked at other areas of collaboration to ensure growth of the Nigerian oil and Gas sector.

He said that Saudi was able to build its large refineries through joint Venture approach and attract financing through Foreign Direct Investments.

“I have invited Dr Kachikwu to come and see how things are done to enable him know how to structure investment opportunities in Nigeria,’’ he added.

He further commended the country on fight against corruption adding that it had helped to bring stability in the Nigerian oil and gas sector.

He reassured that he would be at the Nigerian oil and Gas summit in January 2019 to further strengthen more areas of collaboration.

“For us, Nigeria is a good country to be able to bridge Africa , Nigeria is a good country to start,’’ he added.

Nigerians news

Email us @ info[at]nigerians.news
Previous Post

Maritime workers union threatens showdown with shippers association

Next Post

‘Satanic posts’ that sent Deji Adeyanju to prison

Related Posts

appointments:-enugu-north-unfairly-treated-–-buhari-movement
News

Appointments: Enugu North unfairly treated – Buhari Movement

July 13, 2020
covid-19:-bill-gates-is-linked-to-666-–-pastor-chris-okotie-reveals-satan’s-plans
Health

COVID-19: Bill Gates is linked to 666 – Pastor Chris Okotie reveals Satan’s plans

July 13, 2020
ogun-nnpp-fires-abiodun-as-bridge-collapses-less-than-one-year-after-construction
Featured

NNPP fires Abiodun as bridge collapses less than one year after construction

July 13, 2020
covid-19:-ncdc-announces-discharge-of-13,447-patients,-571-new-cases
News

COVID-19: NCDC announces discharge of 13,447 patients, 571 new cases

July 13, 2020
magu:-buhari,-apc-against-corruption-–-spokesman,-nabena
Anti-corruption

Magu: Buhari, APC against corruption – Yekini Nabena

July 13, 2020
malami-breaks-silence-on-approving-auctioning-of-seized-oil-vessels
Anti-corruption

Malami breaks silence on approving auctioning of seized oil vessels

July 12, 2020
Next Post
Deji Adeyanju: will be in jail till January 2019

‘Satanic posts’ that sent Deji Adeyanju to prison

Cheap Web hosting in Nigeria

Popular News

Nigeria to become third world largest exporter of gas – Tayo Ogini

Subscribe to Nigerian's news Alert

Enter your email address to subscribe to Nigerian's news and receive notifications of new posts by email.

Join 245 other subscribers

Nigerian News

© 2019 Nigerian's news | Designed by Afeeshost

Quick Links

  • About Us
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy

Follow Us

  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security

© 2019 Nigerian's news | Designed by Afeeshost

Posting....