Saudi Arabia consults Nigeria on stabilizing global oil prices
The Minister of Petroleum, Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al-Falih has recently held talks with the Federal Government of Nigeria as parts of effort to bring about a stabilisation in the crude oil price and in the international crude oil market.
Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu and Saudi Arabian Energy Minister, Khalid al-Falih during a visit to the Minister of Petroleum Resources, Mr. Ibe Kachikwu, in Abuja, Al-Falih said Saudi Arabia was in consultation with Nigeria and a host of other countries, to address the volatility in the global crude oil market.
Kachikwu disclosed that the Federal Government was seeking ways to collaborate with Saudi Arabia to revamp Nigeria’s refineries and also restructure the downstream sector of the Nigerian petroleum industry.
Related Posts
Agboola advocates stronger cross-border infrastructure
Flutterwave CEO and Founder, Olugbenga “GB” Agboola , has called for accelerated investment in Africa’s cross-border payment infrastructure…
By
Munga increases stake in Equity Group by over $1.2m
Equity Group founder, Peter Munga, has made a strong return to the lender’s shareholder register, purchasing 3.64 million…
Nigerian Breweries gains N383bn revenue in Q1 2025
Nigerian Breweries Plc (NB) has posted a strong financial turnaround, recording a 69 per cent increase in net…
IHS Brazil expands Amazon coffee initiative
IHS Brazil has planted approximately 20,000 new seedlings across 10 hectares as part of its ongoing support for…
Gallery
