Saturday, October 20, 2018

Hungary shows interest in Nigerian Crude oil, LNG

The Hungarian authorities has indicated hobby in buying crude oil and Liquefied Natural Gas from Nigeria.

The Hungarian Ambassador to Nigeria, Prof. Gabor Ternak, who disclosed this at some point of a courtesy go to to the Group Managing Director of the Nigerian National Petroleum Corporation, 

Maikanti Baru, in Abuja, stated the decision to import crude oil and LNG from Nigeria became informed by way of the want to bridge the modern supply hole being skilled in his country.

“Hungary depends on oil importation to serve its power needs as the usa is non-oil generating. We want to diversify our resources of crude oil and LNG imports, and we're considering purchasing those products from Nigeria,” Ternak became quoted as pronouncing in a assertion by using the NNPC on Wednesday.

He stated Nigerian crude oil might be of brilliant help to Hungarian refineries concerned in huge scale commercial refining

The envoy stated that Nigeria could also leverage on the bilateral courting along with his united states of america by using engaging the services of Hungarian firms that specialised within the repair, maintenance and building of refineries in addition to scientific services.

Ternak said Hungarian universities with a few years of oil and fuel engineering know-how ought to assist Nigeria within the areas of capability building of oil employees.

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