Saudi Visit: Buhari Seeks Investment for Nigerian Gas Pipeline, Refineries

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SWITZERLAND, OCTOBER 29 – As president Muhammadu Buhari heads to Saudi Arabia to attend the third edition of the Future Investment Initiative (FII) in Riyadh, he will be seeking investment for some petroleum projects in the country.

Today’s Echo learnt that this is the reason why the president is taking along the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari and the Minister of State for Petroleum Resources, Timipre Sylva.

According to the NNPC, At the FII, Sylva and Kyari, led by President Buhari, will seek foreign investments in critical projects in the country’s oil & gas sector, particularly the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, the 614km-long natural gas pipeline currently being developed by NNPC.

“Also on the front burner are discussions on the planned interest of the Saudi Oil Company, Aramco, to partner NNPC towards revamping Nigeria’s refineries and other investment opportunities in the Nigerian Oil & Gas sector,” NNPC added.

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