NNPC SIGNS MoU WITH RUSSIAN OIL COMPANY, LUKEOIL Nigeria and Russia Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukeoil to elevate commercial relationship to a government-to-government backed partnership. According to Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, with signing of the MoU, NNPC and Lukeoil will work together in upstream operations and revamp Nigeria’s refineries. Group Managing Director of NNPC, Mele Kyari and Vagit Alekperov, President of leading Russian oil company, Lukeoil, signed the MoU, which entails cooperation in deep offshore exploration of oil in Nigeria, production, trading and refining. The signing ceremony, which took place on the sidelines of the Russia-Africa Summit, was witnessed by the Minister of State for Petroleum, Timipre Sylva. Earlier in his remark...