Spain spends €4.6billion on oil and gas from Nigeria – Envoy

The Spanish Ambassador to Nigeria, Mr. Alfonso Barnuevo, on Thursday said that his country was currently spending about €4.6bn (N1.6tn) on the purchase of Nigerian oil and gas.

Barnuevo, who stated this when he paid a visit to the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, stated that Nigeria and Spain had an established cordial relationship dating back to over three decades.

According to him, Spain is Nigeria’s second best customer in the area of oil and gas, as the country currently buys about €4.6bn worth of oil and gas from Nigeria, adding that the Spanish national oil firm, REPSOL, was ready to work with the NNPC.

The ambassador, in a statement issued by the NNPC, was quoted as saying, “This visit is to further strengthen these good ties between our nations and in particular, between the NNPC and REPSOL.”