Nigeria: $80 Billion Oil Investments - Chinese Coys to Visit Nigeria Month End - Kachikwu

6 October 2016

A Chinese delegation will visit Nigeria by the end of this month to discuss investment in the country's oil and gas industry, Minister of State for Petroleum Resources Ibe Kachikwu said yesterday.

The Nigerian National Petroleum Corporation (NNPC) had in June said it signed memorandums of understanding (MOUs) worth $80 billion with Chinese firms to invest in Nigeria's oil and gas infrastructure, pipelines, refineries, power, facility refurbishments and upstream.

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