India will invest $15billion in Nigeria's oil and gas industry.
Bayer Nigerian oil resources invested 200million marks. Minister kasiku's office issued a statement on October 17 that India and Nigeria have reached an initial agreement to invest $15billion in Nigeria's oil and gas industry, which has fallen to the level from 2013 to 2015
the agreement will lead to investment in Nigeria in the following areas: oil refining, marketing, upstream joint ventures, natural gas infrastructure development, and personnel training in the oil and gas industry. The agreement also includes a long-term contract for the supply of crude oil by Nigeria to Indian companies
the statement said that the investment terms have yet to be agreed between Nigeria and India. It is expected that the memorandum of understanding will be improved during the Petrotech exhibition in New Delhi in December 2016
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