Pertamina Considers Investment in Nigeria's Upstream Oil and Gas Sector
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Indonesia's state-owned oil company, Pertamina, is considering investment opportunities in Nigeria’s upstream oil and gas sector. These opportunities include producing assets and projects nearing final investment decisions. The discussions were held against the backdrop of both countries seeking to strengthen energy security and increase domestic oil production.
From punchng.com
Why it matters
The talks involved high-level officials, including the NUPRC Chief Executive, Indonesia’s Vice Minister of Foreign Affairs, and Pertamina’s Vice-President for Upstream Business Development. The consideration of international capital in Nigeria's upstream sector is viewed as a way to attract investment and increase oil output.
Nigeria and Indonesia are deepening bilateral cooperation, with Indonesia seeking to increase investment in Nigeria's oil and gas sector.
From punchng.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
How it developed
Newest first. Tap a step to see who reported it.Indonesia and Nigeria are deepening energy ties through G2G partnerships.1 source
Pertamina is considering investment in Nigeria's upstream energy sector as part of bilateral cooperation.1 source
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The entities involved
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Nigeria
sovereign state in West Africa
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Indonesia
island country in Southeast Asia and Oceania
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Pertamina
Indonesian state-owned oil and gas company
Related events
- In 1995, a power crisis hindered Nigeria's industrialization efforts.
- Nigeria is seeking stronger economic cooperation with Russia while serving as a strategic gateway to West Africa.
- The Nigerian government has been involved in energy sector projects since January 1995, including supporting solar home systems and collaborating with the EU.
- The current political climate in Nigeria involves the APC administration focusing on commercializing national assets, driving economic reforms, and infrastructure projects, while also referencing the PDP era.
- South Korea offered nuclear technology to Indonesia as both nations seek energy security and development.