World · Africa · 11 hrs ago

Nigeria backs Saudi Arabia and calls for cooperation on energy supplies

Nigeria backs Saudi Arabia and calls for cooperation on energy supplies

Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, said his country stands with Saudi Arabia after recent attacks.

He spoke at the World Petroleum Congress in Riyadh, where Nigeria sent a delegation despite concerns about the attacks.

Lokpobiri said energy supply challenges affect global markets, not just one country.

He called for countries to share expertise and work together to keep energy available and affordable.

Nigeria used to export crude oil while importing nearly all the refined petroleum products it needed.

The minister said imports have fallen to about 10 percent as local refining capacity has grown, with the Dangote refinery serving the domestic market and supplying some foreign markets.

Nigeria now has a surplus of some products, especially aviation fuel, which could contribute to international supplies.

Lokpobiri said developing local refineries can strengthen energy security and reduce reliance on imports.

What people are saying

The challenges facing the energy sector are not limited to one country; their effects extend to various global markets.
Heineken LokpobiriNigeria’s Minister of State for Petroleum Resourcesvia Asharq Al-Awsat
The current energy crisis requires countries to strengthen cooperation and exchange expertise.
Heineken LokpobiriNigeria’s Minister of State for Petroleum Resourcesvia Asharq Al-Awsat

Sources

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