Kachikwu woos ExxonMobil on local refining in Nigeria

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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has continued his drive to have International Oil Companies (IOCs) operating in Nigeria deepen their investments in the country with a visit to U.S. oil firm, ExxonMobil, ThisDay reports.

The minister, according to a statement from the ministry on Wednesday in Abuja, met with top executives of ExxonMobil at its headquarters in Irving Texas, where he requested that they consider investing in refining of petroleum products in Nigeria.

Kachikwu said the major IOCs operating in Nigeria needed to invest in building signature refineries to be run on a joint venture basis with the government, adding that ExxonMobil has had an enduring partnership with Nigeria, and should deepen its commitment to develop the country’s oil and gas industry, especially in domestic refining of petroleum products.