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Kingdom Of Saudi Arabia Set To Build Refinery In Nigeria

Saudi Arabia has hinted on  establishing a refinery in Nigeria. Kingdom of Saudi Arabian Minister, Khalid Al Falih dropped
the hint during a meeting with Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu in Riyadh.

According to a statement from Nigeria’s oil ministry, Kachikwu had met with top executives of Saudi Aramco in Dhahran to crystallize ongoing discussions on collaborating with the Federal Government of Nigeria on investments in the oil and gas sector.

“We want to leverage on the huge success of Saudi government in terms of petroleum. Last year alone Saudi Aramco, an equivalent of NNPC made about $200 billion as profit.
“We have a lot of common ground, historical ties, and religious ties and there’s a need to move further. We cooperate a lot with one another in OPEC especially in the Ministry of Energy,” Kachikwu said.

He said Nigeria is already setting up a team to make the reasons for the visit a reality.

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