Minister of Energy Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al Falih ; Minister of State for Petroleum Resources, Ibe Kachikwu and the Nigerian Ambassador to the Kingdom of Saudi Arabia, Isa Dodo at a meeting in Riyadh, Saudi Arabia, weekend• Development May Assist Nigeria Eliminate Malpractices In Oilfields, Says Fawibe• PWC’s Jaiyeola Seek Holistic Plan, Lauds Move
The delegation, which included top executives from key parastatals in the Ministry of Petroleum Resources focused on exploring areas of cooperation and collaboration in the oil and gas industry between both countries, especially in the downstream sector; refineries and petrochemicals; gas and mid-stream infrastructure, knowledge sharing, command and control, as well as stabilisation of the global oil market.
Apart from a series of engagements with key government personalities in Saudi, Kachikwu and his team also met up with top executives of Aramco, King Abdullah Petroleum Studies and Research Center , Saudi Basic Industries Corporation , and Royal Commission for Jubail and Yanbu to explore possible solutions and business opportunities that would help the country to grow its petroleum sector.
“Apart from securing funds to expand our non-performing refineries and to establish petrochemical plants, Nigeria stands to learn a lot from Saudi Arabia in the deployment of technology to monitor our upstream assets with a view to eliminating current malpractices in the oil fields and to maximise efficiency in oil and gas production,” Fawibe noted.
In his contribution, Chief Executive Officer, Mudiame International Limited and Mudiame Welding Institute Limited, Sunny Eromosele, is not convinced with the move because of the uncertainty in the nation’s oil sector.
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