nigeria and spain

Nigeria and Spain To Strengthen Oil And Gas Trade Relations

According to a Press Release by Garba Muhammad, the Group General-Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation, NNPC, Nigeria and Spain have expressed their readiness to strengthen their bilateral trade relationship in every spectrum of the oil and gas industry for the benefit of the two countries.

Mr Garba Muhammad confirmed that the Group Managing Director of NNPC, Maikanti Baru stated this while receiving the Spanish Ambassador to Nigeria, Alfonso Barnuevo at the NNPC headquarters in Abuja.

The GMD revealed that the NNPC, as an integrated oil and gas company, is currently undergoing transformation which includes increasing the corporations refining capacity.

Baru added that the NNPC was also working on the Trans-Sahara Gas Pipeline Project and would rely on the technical support of some Spanish companies towards addressing the challenges of gas supply.

The Spanish Ambassador, Alfonso Barnuevo said that Nigeria and Spain have an established cordial relationship dating back to over three decades. And that his visit is to further strengthen these good ties between both nations and in particular, between the NNPC and REPSOL.

According to him, Spain is Nigeria’s second best oil and gas purchasers as the country currently buys about 4.6 billion Euros worth of oil and gas from Nigeria.

He explained that in the first quarter of 2015, Spain represents nine percent of the total export from Nigeria, “Therefore NNPC and REPSOL will benefit tremendously from sustaining this collaboration,” the ambassador concluded.

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