The Federal Government said it would collaborate with Saudi Arabia for the revamp of Nigeria’s refineries in Warri, Port Harcourt and Kaduna.
Minister of State for Petroleum Resources, Ibe Kachikwu, said that Nigeria was currently tapping from the vast experience of Saudi Arabia, adding that both countries would take strong business decisions on the matter in due course.
Kachikwu spoke at the Abuja headquarters of the Federal Ministry of Petroleum Resources while playing host to the Minister of Oil and Energy for Saudi Arabia, Khalid Al Falih.
Commenting on some of the discussions which the Federal Government had with the delegation from Saudi Arabia with respect to refineries during a press conference at the ministry, Kachikwu said they looked at what the experience had been for the two countries.
Kachikwu further stated that the meeting with the Saudi delegation was with respect to the current outlook in the global crude oil market, adding that Nigeria and Saudi Arabia, as members of the Organisation of Petroleum Exporting Countries, need to look at the prevalent dynamics in the crude market.