The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has asked the Saudi Arabia oil company, Aramco to invest in the four Nigeria’s refineries.
Kachikwu said that he took a tour on the Saudi’s industrial citizen that had just been built: the most famous one, for possible cooperation.“We are looking at the cooperation at multi-levels. Refinery, for example, we are asking for investments for some of four our refineries. We are looking some“We took some tour on industrial citizens.
Kachikwu noted that OPEC would also know what to do in term of a tighter market since there were issues of duration and volumes arising from the waiver that were granted. “We want to have a balance. Once it is about 70. Once it passes that it becomes unsustainable,” he said.
Any Saudi investment to Nigeria will come through their own 'NNPC' - ARAMCO that made a profit of over $200bn last year, how come our NNPC cannot even manage our existing refineries profitably let alone invest in new refineries in Nigeria or abroad