US Firm Eyes Nigeria

 


Barker Hughes, an American oil company, has shown interest in investing in Nigerian refineries amid the government's push to reduce petroleum product imports. Nigeria, a major crude oil producer, currently imports all its petroleum products, impacting its currency in foreign exchange markets. During a meeting at COP28, Baker Hughes' CEO, Mr. Lorenzo Simonelli, expressed a strong commitment to sustain and enhance their investments in Nigeria's oil and gas sector, particularly in refineries.



Simonelli emphasized collaboration with the government to support energy transformation aligned with COP28 goals. Senator Heineken Lokpobiri praised Baker Hughes for its longstanding partnership, assuring support and a conducive environment for their investment plans in the refinery sector. The meeting marks a significant milestone in attracting investment into Nigeria's oil and gas industry.

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