The Federal Government on Tuesday said it was open to onshore and natural gas investments in Nigeria by the Turkish Government.
The Minister of State, Petroleum Resources, Chief Timipre Sylva, spoke during a bilateral meeting with Turkish Deputy Minister of Energy and Natural Resources Alpersen Bayraktar, on the sidelines of the ongoing Ceraweek, in Houston, Texas, United States (U.S.).
Sylva, in a statement by his Senior Adviser (Media and Communications), Mr Horatius Egua, said this was especially with the planned divestments of some International Oil Companies (IOC) from onshore sectors.
“We are looking at the possibilities of Turkey taking interests in more investments in Nigeria. Now that IOCs like Shell, Exxon Mobil and others are planning to divest from onshore assets, more investments in that sector would be a great opportunity for Turkey to expand its investments interest in Nigeria,” Sylva said.
He said the cooperation between Nigeria and Turkey was very significant, adding that the relationship could be extended to energy and other areas.
The minister added that with the new Petroleum Industry Act (PIA), Nigeria had further streamlined its laws in the oil and gas investment environment.
He said the country was thus making investments in the sector of the economy more attractive to potential investors.
