Angola seeks collaboration with Nigeria on oil, gas

gate of Port harcourt refinery. Photo; wikimedia

gate of Port harcourt refinery. Photo; wikimedia

DESPITE crashing oil prices in the international market, Ambassador of Angola to Nigeria, Dr E. J. Quibato, has called for close collaboration with Nigeria in this sector, saying this will make the two countries the second largest oil producers in the world.

The ambassador who said this during a press conference to announce his country’s 40th National Day at the weekend, said that a combined effort and capacity by Nigeria and Angola will boost Africa’s position in the comity of oil producing nations in the world.

Quibato added that Angola is set to deepen bilateral trade with Nigeria to boost the current low trade exchange. He suggested expertise exchange in the oil industry.

“One of our aims is really to help technicians, as much as expert companies in the oil industry between Nigeria and Angola. You can’t ignore that if Nigeria and Angola complement our efforts, we can be the second largest producers of oil in the world. Think about how powerful we will become; just two African nations. That is what we expect; using that huge power that we have. I think that should be our approach, if you look at the production of Nigeria, if you look at the production of Angola, just in the oil sector alone besides other minerals,” he said.

Quibato noted that though the trade volume between the two countries is presently low, efforts are ongoing to bring the big Nigerian entrepreneurs into the business of tourism, agriculture, mine, estate and construction, among others, in Angola.

To strengthen the relationship, the ambassador said all arrangements have been perfected to establish Nigeria-Angola Chamber of Commerce in order to boost the trade, as there is an expectation of more than $2 to $3 billion of Nigerian investment in the next five to six years in Angola.

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