A One Stop Online Read Magazine in Nigeria

Turkey, Nigeria to sign agreements on hydrocarbon, mining, energy

Turkey, Nigeria to sign agreements on hydrocarbon, mining, energy

0 54

Turkey, Nigeria to sign agreements on hydrocarbon, mining, energy

Turkey’s Energy and Natural Resources Minister, Fatih Dönmez has disclosed that Turkey and Nigeria will sign three agreements in the hydrocarbon, mining and energy sectors during President Recep Tayyip Erdoğan’s official visit to Nigeria in October.

“We reviewed the existing commercial and economic relations, and future investment opportunities, and exchanged views on the development of bilateral trade and the improvement of the investment environment,” the Minister said after the fifth term of the Turkey-Nigeria Joint Economic Commission Meeting on Friday.

Dönmez disclosed that the officials from the two countries discussed cooperation opportunities in the fields of energy and mining as well as industry, technology, agriculture, transportation, health, education, culture, tourism and sports.

“We identified the areas of work to be carried out for cooperation in the upcoming period, exchanged ideas on what we can do about them, and started preparations,” he added.

According to him, the oil companies of the two countries will evaluate their investments and cooperation options for future projects together.

Nigeria, Africa’s largest oil producer, is among Turkey’s oil and gas suppliers. “Nigeria continues to be the country’s largest trading partner in sub-Saharan Africa,” Dönmez said.

According to reports, trade volume between Turkey and Nigeria reached $2 billion at the end of 2020.

Turkey, Nigeria to sign agreements on hydrocarbon, mining, energy

Leave A Reply

Your email address will not be published.

two − one =