
ABUJA, Nigeria, Jan. 19 (UPI) -- Energy officials in Abuja kicked off a summit with the British government to build the capacity of the Nigeria oil sector, the Nigerian oil minister said.
Rilwanu Lukman, the Nigerian oil minister, said bilateral energy cooperation with London would "go a long way to accelerate and sustain the success of the transformation process."
British exports to Nigeria in 2009 passed $2 billion, with oil exports making up $325 million of that total.
Lukman said the British experience with privatization could provide a solid working model for reforms in the Nigerian energy sector, Nigeria's Next news agency reports.
Several international oil producers announced major finds in the oil-rich Niger Delta region. Resurgent militant activity in the Niger Delta, however, threatens to derail an October cease-fire that brought optimism to the oil sector.
The Movement for the Emancipation of the Niger Delta, the main militant group in the region, claimed responsibility for strikes on oil pipelines recently because the government was slow to react to demands for allocation of the country's oil revenue and other concessions.
Talks with oil producers on extended contracts are overshadowed, meanwhile, by lingering health concerns for the Nigerian president and renewed security issues stemming from a failed Christmas Day bombing of a U.S. passenger jet blamed on a Nigerian national.
| Additional Energy Resources Stories | |
BEIJING, Feb. 9 (UPI) --
Beijing announced a series of measures aimed at reducing air pollution in the city, specifically targeting a reduction in readings of PM2.5, or fine particulate matter, in the air.
|
FALLS CHURCH, Va., Feb. 9 (UPI) --
A U.S. Defense Department award honoring large contracting firms that mentor small businesses is being given to DynCorp International.
|
With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
|
Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
|
| Stories | Photos | People | Comments |
View Caption