An American oil firm, Barker Hughes, has indicated its intention to invest in refineries in the country, to support the Nigerian government’s effort to end petroleum products importation.
The Chairman, President/CEO of Baker Hughes, Mr. Lorenzo Simonelli, while speaking during a meeting with the Minister for State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, on the sidelines of the 28th United Nations Climate Change Conference (COP28), expressed keen interest in sustaining and enhancing their investment in Nigeria’s oil and gas industry, including the readiness to invest in refineries.
The media aide to the minister, Nneamaka Okafor, said yesterday’s meeting marked a significant milestone in the effort of the government to attract investment into the oil and gas industry.
Simonelli also indicated Baker Hughes’ commitment to contribute to the energy transformation agenda of the Renewed Hope administration, led by President Bola Ahmed Tinubu.
He promised the company’s readiness to collaborate with the Federal Government in advancing sustainable energy practices, aligning with the goals of COP28.
“Nigeria is a blessed nation with vast potentials and great opportunities in diverse sectors. As a partner with the federal government over the years, we are inspired to direct investment in the refinery domain of the oil and gas”, Simonelli said.
”Therefore, whatever we can do to support to get started, I am willing to do that, even now.”
