Nigeria says to strengthen cooperation with Spain in oil, gas sector

Nigeria has agreed to strengthen bilateral cooperation with Spain, particularly in the oil and gas sector, as the West African country strives to improve the technical capacity of its local oil refineries, an official said on Friday.

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AFP © Getty Images/AFP/File / by Jennifer O'Mahony | Energy firms say Senegal and Mauritania's current oil and gas ventures will transform them into net exporters by 2020
AFP © Getty Images/AFP/File / by Jennifer O'Mahony | Energy firms say Senegal and Mauritania's current oil and gas ventures will transform them into net exporters by 2020

Maikanti Baru, group managing director of the state-run Nigerian National Petroleum Corporation (NNPC), said officials of the two countries made the agreement on Thursday in Abuja, the Nigerian capital.

Baru said NNPC, which is currently under transformation, would work closely with the Spanish National Oil Company to improve the technical capacity of the local refineries.

“We have challenges with our refineries and with Spanish National Oil Company refining about 900,000 barrels of crude oil per day, we can collaborate on that in our efforts to go forward,” he said.

Nigeria and Spain record about 4.6 billion euros (more than 5.1 billion U.S. dollars) in oil trade every year, according to official data. Enditem

Source: Xinhua/News Ghana

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