India looks to invest $15bn in Nigeria oil and gas sector

India looks to invest $15bn in Nigeria oil and gas sector
October 19, 2016 Advocaat Law Practice

India is looking at signing a preliminary agreement with Nigeria in December for investing in refineries as well as exploration and production of oil and gas.

If agreed upon, the sum of $15bn is to be repaid on the basis of firm crude oil sales to India over some years and in consideration for collaborating in refining sector, exploration and production activities.