Lokpobiri urges UAE to invest in Nigeria crude oil pipeline

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The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on May 20, called on the United Arab Emirates (UAE) investors to invest in Nigeria’s crude oil pipeline.

He noted that the pipelines, which were installed almost 70 years ago have now outlived their usefulness and are due for replacement.

He acknowledged the fund that UAE investors are buoyant enough to provide the funds for building the pipelines for evacuating crude oil to the terminals for export.

According to him, Nigeria has a very attractive model for recouping the investment in place.

The minister spoke in his office in Abuja while receiving the UAE Ambassador to Nigeria, H.E. Salem Saeed Al Shamsi the UAE Ambassador to Nigeria, and his delegation that were on a courtesy visit.

Details shortly…

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