NNPC signs MoU with Russian oil company

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Nigeria and Russia on Thursday in Sochi, Russia, signed an important Memorandum of Understanding, which will enable both countries’ oil giants — Nigerian National Petroleum Corporation and Lukeoil ...

President Muhammadu Buhari and Russian counterpart Vladimir Putin. Twitter image

Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, confirmed this in a statement in Abuja on Thursday. According to him, the Group Managing Director of NNPC, Mele Kyari and Vagit Alekperov, President of leading Russian oil company, Lukeoil, signed the MoU, which entails cooperation in deep offshore exploration of oil in Nigeria, production, trading and refining.He stated that the signing ceremony, which took place on the sidelines of the Russia-Africa Summit, was witnessed by the Minister of State for Petroleum, Timipre Sylva.

 

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