Nigeria urges African countries to work together for gas development

Fotolia 105300853 Subscription XXLAn international cooperation is imperative at this time of declining oil prices. (Image Source: 205153180/Fotolia)Nigeria’s vice president Yemi Osinbajo has urged African countries to jointly address the development of a robust gas infrastructure if it must cater for its future energy needs

He made the statement at the opening ceremony of the 6th African Petroleum Congress & Exhibition, CAPE VI.

State house correspondent Mariah Oasehinde reported that the CAPE is Africa’s most strategic oil and gas meeting, which takes place every three years, and attracts petroleum specialists from all over the world and Africa’s top government officials in the petroleum sector.

Nigeria is hosting the 6th edition of CAPE, coming at a time Nigeria’s vice president admits creating a grave challenge for the oil and gas industry, especially for petroleum producers in Africa with the declining price of oil in the world market.

Osinbajo touched upon the economic threat this might pose, noting that finding resources to invest in the African oil and gas sector has become a challenge.

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