By Omono Okonkwo |Nigeria has signed an MoU with Saudi Arabia on oil and gas cooperation. He stated that the Memorandum of Understanding (MoU) between the countries signed at the Saudi-Arab-African Economic Conference in Riyadh, is tailored towards specific goals within the oil and gas sector aimed at fostering growth and prosperity in Nigeria’s energy industry. These goals encompass:Enhanced technological exchangeIncreased investment flowStrengthened strategic partnershipThe memorandum outlines these objectives to bolster collaboration and development in Nigeria’s energy domain. Lokpobiri said:“For the purpose of cooperation in our oil and gas sector, we are intensifying our friendly ties with the Kingdom of Saudi Arabia based on the principle of equality and mutual benefits. We have, therefore, entered into a Memorandum of Understanding (MoU) with the objective of setting a framework of cooperation between us and with the aim of promoting collaboration and strengthening our partnership in the oil and gas sector for mutual benefit.

Source: GNN Liberia November 10, 2023 06:35 UTC