• Privacy Policy
  • Terms
  • About us
  • Contact Us
Monday, February 6, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

Nigeria urges Turkey to fund oil, gas projects in West Africa

Oil and Gas

The Matters Press by The Matters Press
March 9, 2022
Reading Time: 2 mins read
0
Nigeria targets Trans Saharan, Europe gas market

The Nigerian government on Wednesday called on the Turkish authorities to look at the prospect of funding major oil and gas projects in the West African country, against the backdrop of the planned exit of major International Oil Companies (IOCs).

RELATED POSTS

NECA fears further crashing of fragile economy

Ministry, ICRC in talks to revitalise FG’s properties abroad

FCT residents allege banks’ hoarding, selling of banknotes

Speaking during a bilateral meeting with the Turkish Deputy Minister of Energy and Natural Resources, Alpersen Bayraktar, on the sidelines of the ongoing CERAWeek, in Houston, Texas, the Minister of State, Petroleum Resources, Timipre Sylva, said Nigeria was open to the country’s investment in Nigeria.

ALSO READ  Oil, gas investments will increase with reduction in insecurity

A number of foreign oil companies operating in the country, especially Shell, Nigeria’s biggest partner in the industry as well as ExxonMobil, are planning to sell off many of its assets in Nigeria.

Sylva stated that with the planned divestments, especially from the onshore segment of the oil and gas sector, it would be worth the investment for the country.

“Now that IOCs like Shell, ExxonMobil and others are planning to divest from onshore assets. More investments in that sector would be a great opportunity for Turkey to expand its investments interest in Nigeria,” the minister said.

A statement by the Senior Adviser, Media & Communications, Horatius Egua, quoted the minister as saying that, “We are looking at the possibility of Turkey taking interests in more investments in Nigeria.”

ALSO READ  AKK to stimulate gas infrastructural development in Nigeria

He said the cooperation between Nigeria and Turkey remained very significant, stressing that the relationship could be extended to the energy sector and other areas of trade.

The minister added that with the new Petroleum Industry Act (PIA), Nigeria has further streamlined its laws in the oil and gas investment environment and thus making investments in the more attractive to potential investors.

He called on the deputy minister to encourage Turkish investors to come to Nigeria to participate in the new opportunities offered by the exit of the IOCs to consolidate the bilateral relations between both countries.

Sylva assured Bayraktar of good returns on investments in Nigeria, stressing that despite plans by the IOCs to divest from onshore assets, the companies were ramping up investments in offshore assets in the country.

ALSO READ  UK to support Nigeria’s fight against terrorism financing

More=Arise=

Tags: Oil and Gas
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

NECA on how to address Nigeria’s economic challenges
Economy/Technology

NECA fears further crashing of fragile economy

February 6, 2023
Nigeria moves to review ICRC Act
Economy/Technology

Ministry, ICRC in talks to revitalise FG’s properties abroad

February 6, 2023
Experts validate Nigeria’s implementation strategies for success under AfCFTA
Economy/Technology

FCT residents allege banks’ hoarding, selling of banknotes

February 6, 2023
New Naira notes unavailable even as CBN campaigns for acceptance
Economy/Technology

Entrepreneurs count losses over scarcity of new Naira notes

February 6, 2023
Bids roll in for Ajaokuta Steel Company
Economy/Technology

Cash crunch crashes food prices

February 6, 2023
A transformed fertilizer market is needed in response to the food crisis in Africa
Economy/Technology

Foundation ready to sustain gains of PBR cowpea

February 6, 2023
Next Post
Buhari moves against palm oil importers

Okomu oil advises host communities to team up against gunmen

IMF raises alarm over Nigeria’s economy, but supports reform efforts

Entrepreneurship: Group expresses commitment to empowering Nigerian women

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

China’s agricultural wholesale products prices continue to drop

China’s agricultural wholesale products prices continue to drop

February 11, 2022
Nigeria to allocate $200m for creation of agricultural service centres

Soludo empowers women farmers

August 11, 2022
AIICO Insurance pays N47.3bn claims

AIICO Insurance pays N47.3bn claims

April 14, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • NECA fears further crashing of fragile economy
  • Ministry, ICRC in talks to revitalise FG’s properties abroad
  • FCT residents allege banks’ hoarding, selling of banknotes

Categories

  • Economy/Technology
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?