NNPC woos Chinese investors for research

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Amidst volatility in crude oil prices in the international market and the need to seek a fortune in non-core oil sector to stay afloat, the Nigerian National Petroleum Corporation (NNPC) has established contacts with some Chinese investors to partner in its Research and Development, R&D, venture.

NNPC Chief Operating Officer, Ventures, Dr. Babatunde Adeniran, who declared this recently at the 10th edition of the Annual Sub-Saharan Africa Oil and Gas Conference in Houston, Texas, affirmed that response from the Chinese prospects had been favourable.

Dr. Adeniran said in addition to the Chinese who were being invited to partner with NNPC in Research The corporation made this known in a statement Wednesday.

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