Kachikwu meets with Shell, Total over investment, PIB, JVs

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In continuation of his visit to the headquarters of International Oil Companies (IOCs) operating in Nigeria, Minister of State for Petroleum Resources Dr. Ibe. Kachikwu has met with Shell and Total to make a case for more oil and gas investments in Nigeria, Daily Trust reports.

The visit to Shell Headquarters at The Hague, Netherlands and Total in Paris, France were in furtherance of the minister’s commitment to achieving key aspirations of the 7BigWins, the petroleum ministry said in a twitter post. The minister had recently visited US-based ExxonMobil to ask the company to consider investing in building signature refineries.

At Shell, conversations revolved around, “the PIB/fiscals update, Niger Delta, investments in Nigeria and capacity building,” the ministry said in the post. Investments in the power sector, distributive renewables, gas flare harvesting and power generation for host communities were also discussed. “Conversation with Total revolved around legal/fiscal, Joint Ventures, PSC, industry cost efficiency and clean energy,” the ministry added.