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
NEW: Standard Bank Namibia launches China’s CIPS payment system
Standard Bank Namibia has become the first bank in the country to launch Cross-Border Interbank Payment System (CIPS)…
By
Henos Energy launches first drive-thru LPG outlet in Ghana
Henos Energy has officially commissioned Ghana’s first Drive-Thru Cylinder Distribution Outlet (CDO) at East Legon Hills in Accra,…
Coronation Insurance concludes year-long recapitalisation under new Insurance Act
Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements under the…
CIC Insurance launches new CIC Impact
-To target Kenya’s microinsurance market CIC Insurance Group has officially launched CIC Impact, a specialized microinsurance subsidiary aimed…
Gallery
