Nigeria has urged Gulf oil and gas producers to consider the country as a strategic partner rather than a competitor, as the conflict in the Middle East continues to disrupt global energy markets.
Foreign Minister Yusuf Tuggar said the ongoing tensions involving Iran, which have affected shipments through the Strait of Hormuz — a route that handles about 20% of global oil supply — demonstrate the importance of diversifying energy sources.
According to Tuggar, Nigeria’s large untapped oil and gas reserves offer Gulf countries an opportunity to secure alternative supply channels while strengthening cooperation and investment in the energy sector.
Nigeria has already increased its production to around 1.7 million barrels per day, up from 1.4 million barrels per day in 2023, despite long-standing challenges such as pipeline vandalism, oil theft and underinvestment.
The Nigerian government is also expanding partnerships with Gulf states. In January, Nigeria signed a Comprehensive Economic Partnership Agreement with the United Arab Emirates, while investors linked to Qatar have expressed interest in developing gas projects in the country.
Officials say stronger collaboration could help stabilize global markets while ensuring long-term energy security for both Nigeria and Gulf producers.
Source: TRT Africa
