Nigeria’s President Muhammadu Buhari and Russia’s President Vladimir Putin during the official welcoming ceremony by Russian President Vladimir Putin for the heads of state and government of states participating in the 2019 Russia-Africa Summit in Sochi, Russia, 23 October 2019. Nigeria and Russia on Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukeoil to elevate the commercial relationship to a government-to-government backed partnership. Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this development in a statement in Abuja, He said with signing of the MoU, NNPC and Lukeoil would work together in upstream operations and revamp Nigeria’s refineries. According to him, the Group Managing Director of NNPC, Mele Kyari and Vagit Alekperov, President of leading Russian oil company, Lukeoil, signed the MoU, which entails cooperation […]