Abdulaziz bin Salman, Saudi Arabia’s energy minister, says the kingdom
has signed preliminary agreements with African countries, including Nigeria, on
energy-related cooperation.
Salman spoke on Thursday during
the Saudi-Arab-African economic conference in Riyadh, according to Reuters
At the meeting, Salman also met with
Heineken Lokpopiri, minister of state for petroleum resources.
Global oil and gas stakeholders,
at the event, discussed the conditions and stability of the petroleum market,
as well as topics of common interest in the field of energy.
Speak on partnerships with African countries, Mohammed Al-Jadaa
n, Saudi finance minister, said the Saudi Fund for Development would sign agreements worth two billion riyals ($533 million) with countries in the region.“We are working with partners to
support Ghana and other countries regarding their debt,” Jadaan added.
On his part, Khalid Al-Falih,
Saudi investment minister, said the kingdom’s over $700 billion wealth
fund — the public investment fund— would make some “game-changing” investments
in Africa.
The announcement of the deal
comes hours after President Bola
Tinubu arrived in Riyadh, the
Saudi Arabian capital city, to attend the Saudi-Africa summit.
Tinubu arrived the Middle Eastern
country on Thursday as part of efforts to attract foreign direct investment and
mobilise capital to build needed infrastructure, Ajuri Ngelale, presidential
spokesperson, said.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com