Venezuela and Nigeria strengthen energy cooperation ties

With the purpose of strengthening ties of oil and gas cooperation, the president of the Bolivarian Republic of Venezuela, Nicolás Maduro Moros, held a meeting with the delegation of the Federal Republic of Nigeria, headed by the prince of Nigeria, His Excellency Arthur Eze and CEO of the Atlas Oranto Petroleum company.

The meeting happens within the framemark of the deepening of business alliances at the international level, in addition to strengthening the cooperation map in the energy area between Abuja and Caracas.

Earlier, Prince Arthur Eze met with the Minister of People’s Power for Petroleum, Pedro Tellechea, where in addition to evaluating issues related to the oil industry, they addressed investment opportunities in Venezuela’s energy sector. Precisely from the bilateral dialogue, emerges an exploratory agenda for investments in oil and gas, as refers the state-owned Petróleos de Venezuela (PDVSA) company.

Alex Saab, president of the International Center for Productive Investment of Venezuela (CIIP), speaks at the meeting, who has been developing an investment plan as part of the Seven Transformations (7T) to consolidate a new productive economic model not dependent on oil income.

For the Nigerian delegation is also part geologist John Ebubechukwu.

The Atlas Oranto Petroleum is the largest private company in the Federal Republic of Nigeria in the oil and gas sector, with international participation in Equatorial Guinea, Namibia and Senegal.

Relations between Venezuela and Nigeria were established in 1965, which has allowed agreements to be signed in different areas such as strategic, cultural and energy technical cooperation.