Tuesday, June 06, 2006

Energy: Nigeria and South Korea reaffirm commitment to $6 billion energy pact

AND reports that Nigeria and South Korea have reaffirmed their commitment to a $6 billion deal on the development of energy and mineral resources in Nigeria.

The meeting in Seoul, under the auspices of the first Nigeria-Korea Joint Committee for Energy and Minerals Resources Co-operation, was on how Nigeria's oil, gas and other mineral resources could be better harnessed for the benefit of the two countries.

Minister of State for Petroleum Resources, Edmund Daukoru, led the Nigerian delegation, made up of government and industry officials as well as private sector players.The Korean team was headed by the country's Minister of Commerce, Industry and Energy, Chung Sye-Kyun.