Saturday, November 17, 2018

‘Spain bought €6.5bn oil from Nigeria in 2014’

‘Spain bought €6.5bn oil from Nigeria  in 2014’
July 14
20:48 2015

The Spanish government on Tuesday said it bought oil and gas worth 6.5 billion Euros from Nigeria in 2014.

Alfonso Sebastian de Erice, Spanish ambassador to Nigeria, disclosed this while on a visit to Yakubu Dogara, speaker of the house of representatives, at the national assembly.

While appreciating existing bilateral relations between Spain and Nigeria, Erice expressed readiness of his country to help Nigeria boost local production of crude oil by partnering to transform existing refineries in the country.

He also said that Spain was prepared to partner Nigeria in agricultural development.

“Spain is one of the partners of Nigeria, the first or the second best client; we buy 6.5 billion Euros worth of oil and gas,” he said.

“We are very happy with the exchanges that we have, and we need the oil but we want to diversify because we think it is very important that our economic relations should not be only in gas and petrol.

”We want to cooperate with you in agriculture; we have very good agricultural industry. We have comparative advantage in tourism, manufacturing.

“We have several treaties that allow us to work here. It is a domain that we will have to explore.

“For us, the oil business is important because we need it but we want to diversity and I know that Nigerian authorities also want to diversify.”

On insurgency in the country, the envoy said that his country was ready to provide support towards combating the menace, adding that Spain and Nigeria had signed several memoranda of understanding (MoU) on anti-terrorism training.

Responding, Dogara said Nigeria appreciated Spain’s offer to help in the fight against insurgency.

He said Nigeria had a lot in common with Spain and called for further assistance to enable Nigeria diversify its economy.

In a related development, Dogara pledged support for the development of tourism, mineral resources and other sectors in Cross River.

He made the pledge when the Cross River caucus in the house paid him a courtesy visit.

The speaker, however, urged the lawmakers to shun personal interests as there was the need to compensate those who suffered during the electioneering campaign by promoting pro-people agenda which included employment generation and security.


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