Nigerian oil and gas exploration company Oranto Petroleum will be cooperating with Russia’s largest oil producer Rosneft to develop 21 oil assets across Africa, an Oranto official told S&P Global Platts on the sidelines of an economic forum in St. Petersburg on Thursday. The Nigerian company expects to sign a memorandum of understanding on the projects on Friday, the official said. “Oranto is planning a big cooperation with Rosneft, that collaboration is going to include upstream, midstream and downstream in Africa. We’re looking at 21 oil assets in 17 African countries,” the official told S&P Global Platts. “We are looking at how Africa is going to be a big part of Russian investment,” the official said. Rosneft doesn’t have a significant presence in Africa except for a 30-percent stake in the giant Zohr gas field offshore Egypt in the Mediterranean, as well as some prospects in Mozambique. Gaining access […]