Africa Map

African Press Agency

African Press Agency Logo
   

 Home
 Country Profile
 Useful Links
 Contact us

Home

NIGERIA/CHINABack
[Published: Thursday June 30 2016]

Nigeria 'signs $ 80bn oil deals with China'
ABUJA, 30 Jun - (ANA) - Nigeria has signed oil and gas infrastructure agreements worth $80bn (£60m) with Chinese companies, the Reuters news agency quotes the country's state oil company as saying. The West African country is one of Africa’s largest oil producers and oil is its main export earner. But it imports 80% of its fuel and its four refineries have never reached full production because of poor maintenance. Reuters say Oil Minister Emmanuel Ibe Kachikwu has been in China since Sunday. President Muhammadu Buhari came to power just over a year ago promising to crack down on the massive corruption within the oil industry. The sector has also been hit by a resurgence of attacks by militants demanding a greater share of the oil wealth.(ANA)

FA/ANA/30 June 2016--------
 


North South News website

Advertise banner

News icon Gaza/unexploded bombs
News icon WHO/Gaza Patients
News icon Mozambique/President Picked
News icon Niger/Oil
News icon Varoufakis/ Sues Germany
News icon EU/Israel/Gaza
News icon EU/Kenya/Data
News icon Gaza/No Aid arriving
News icon Latin America/Extreme weather
News icon Israel/West Bank

AFRICAN PRESS AGENCY Copyright © 2005 - 2007