Speaking on the sidelines of the signing ceremony, Iranian Minister of Petroleum Javad Owji said that the document was signed after a good meeting with his Nigerian counterpart in Tehran earlier in the day and another meeting of the two minister which had took place during a GECF Summit.
He said that the agreement included cooperation on exchange of technical and engineering services and expansion of energy cooperation as well.
Under the terms of the agreement, Iran will provide Nigeria with the necessary know-how for hybridization of vehicles and make use of the country’s capacities in the LNG area in return, the minister said.
The agreement also includes renovation of Nigerian refineries by Iranian companies, Owji added.
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