https://en.sputniknews.africa/20241027/nigerian-oil-company-invests-billions-in-grenadas-energy-industry-media-reports-1068905533.html
Nigerian Oil Company Invests Billions in Grenada's Energy Industry, Media Reports
Nigerian Oil Company Invests Billions in Grenada's Energy Industry, Media Reports
Sputnik Africa
Oceangate Engineering Oil and Gas is a Nigerian oil and gas exploration and production company established in 2005. The company specializes in identifying... 27.10.2024, Sputnik Africa
2024-10-27T12:19+0100
2024-10-27T12:19+0100
2024-10-28T11:38+0100
sub-saharan africa
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A multi-billion dollar deal was concluded between Nigerian oil and gas company Oceangate Oil and Gas Engineering and Global Petroleum Group, according to Nigerian media.This partnership will see the development of Grenada's hydrocarbon reserves, positioning the island nation as a key energy player, according to Global Petroleum Group CEO Aisha Achimugu, cited by the newspaper.She explained that this project aims to fuel long-term economic growth and sustainable development in Grenada, promising to boost the country's energy production, create jobs, improve infrastructure, and transfer technology to the local economy.Aisha Achimugu concluded by saying that, given the changing energy landscape in the Caribbean, the venture is expected to create unprecedented economic opportunities, benefiting various sectors and establishing Grenada as a crucial energy supplier in the region.
https://en.sputniknews.africa/20241024/nigerias-dangote-refinery-starts-local-currency-crude-oil-sales-media-say-1068855138.html
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nigeria, west africa, the caribbean, oil, gas, energy, cooperation, investment, economy, development
nigeria, west africa, the caribbean, oil, gas, energy, cooperation, investment, economy, development
Nigerian Oil Company Invests Billions in Grenada's Energy Industry, Media Reports
12:19 27.10.2024 (Updated: 11:38 28.10.2024) Ekaterina Shilova
Writer / Editor
Oceangate Engineering Oil and Gas is a Nigerian oil and gas exploration and production company established in 2005. The company specializes in identifying, evaluating, and developing oil and gas assets across the entire supply chain in a sustainable manner.
A
multi-billion dollar deal was concluded between Nigerian oil and gas company Oceangate Oil and Gas Engineering and Global Petroleum Group, according to Nigerian media.
This partnership will see the development of Grenada's hydrocarbon reserves, positioning the island nation as a key energy player, according to Global Petroleum Group CEO Aisha Achimugu, cited by the newspaper.
“This venture underscores Oceangate’s commitment to investing in sustainable energy solutions that drive economic prosperity while respecting environmental standards. We believe this project will lay the foundation for future economic collaborations between Africa and the Caribbean,” Achimugu said.
She explained that this project aims to fuel long-term economic growth and sustainable development in Grenada, promising to boost the country's energy production, create jobs, improve infrastructure, and transfer technology to the
local economy.
Aisha Achimugu concluded by saying that, given the changing energy landscape in the Caribbean, the venture is expected to create unprecedented economic opportunities, benefiting various sectors and establishing Grenada as a crucial energy supplier in the region.
