Pertamina Considers Investment in Nigeria's Upstream Oil and Gas Sector
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- Developments
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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.
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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
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Related events
- Nigerian government bears the cost of energy security.
- A new power plant is being constructed at the Ikeja site in Lagos to support Nigeria's energy transition and improve reliability.
- Atiku Abubakar advocates for targeted support for domestic production and compares energy policies of Nigeria and other nations.
- Indonesian corporations are strategically diversifying markets and partnerships to reduce dependence on specific partners like Japan and China, focusing on Africa and Europe.
- The Nigerian federal government plans to boost renewable energy investments.