By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: NNPC seals deal with Russian oil company, Lukoil
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

NNPC seals deal with Russian oil company, Lukoil

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: October 25, 2019
Share
2 Min Read
President Muhammadu Buhari held a bilateral meeting with President Vladmir Putin of Russia at the sidelines of the Russia-Africa Forum in Sochi
President Muhammadu Buhari during a bilateral meeting with President Vladimir Putin of Russia at the sidelines of the Russia-Africa Forum in Sochi
SHARE

Nigeria and Russia Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukoil to elevate commercial relationship to a government-to-government backed partnership.

With the signing of the MoU, NNPC and Lukoil will work together in upstream operations and revamp Nigeria’s refineries.

Group Managing Director of NNPC, Mele Kyari and Vagit Alekperov, President of leading Russian oil company, Lukoil, signed the MoU, which entails cooperation in deep offshore exploration of oil in Nigeria, production, trading, and refining.

The signing ceremony, which took place on the sidelines of the Russia-Africa Summit, was witnessed by the Minister of State for Petroleum, Timipre Sylva.

- Advertisement -

Earlier in his remarks at a meeting with Russian President Vladimir Lenin, President Muhammadu Buhari said Nigeria was prepared and willing to work with Russian businesses “to improve the efficiency of our oil and gas sector which provides us with the much-needed capital to invest in our security, infrastructure, and economic diversification programmes”.

While taking note of the agreement between NNPC and Lukeoil, President Buhari gave an assurance that his administration will “ensure this initiative is implemented within the shortest possible time.”

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:LukoilNNPC
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Muhammadu Buhari Buhari delighted as Nigeria improves on World Bank’s Ease of Doing Business Index
Next Article Google Doodle for Funmilayo Ransome-Kuti Google celebrates Funmilayo Ransome-Kuti’s 119th birthday

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Last updated: 1 day ago (June 28, 2025 10:51 am)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags
Crime Video
SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending
News
Security Situation Improving, CDS Urges Continued Support from Nigerians
News Security
David Mark to Lead Anti-Tinubu Coalition Under African Democratic Congress Platform
Politics Top stories
FG to Plant 20 Billion Trees Next Rainy Season in National Reforestation Drive, Says VP Shettima
International News
- Advertisement -
Ad imageAd image

You May Also Like

NewsTop stories

Federal Government to Overhaul Civil Servants’ Healthcare Policy Amid Rising Concerns

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 28, 2025
Sport

Paul Pogba Joins AS Monaco on Free Transfer After Doping Ban

Yusuf Abubakar
Yusuf Abubakar
June 28, 2025
Aminu Alhassan Dantata
News

Dantata Family Confirms Burial Plans for Late Aminu Dantata

Muhammad A. Aliyu
Muhammad A. Aliyu
June 28, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?