Russian oil company Rosneft and Nigeria-based Oranto Petroleum have signed a memorandum of understanding at the St. Petersburg International Economic Forum to cooperate on oil and gas projects in Africa. The two companies will collaborate on further exploration and development of assets across the continent, in particular with relation to Oranto’s existing portfolio, acquisition of new assets, gas monetization schemes and implementation of refining, commerce and logistics projects.

Oranto Petroleum, with its sister company Atlas Petroleum International, holds more acreage than any other African independent and has been seeking partners for the development of several fields throughout Africa. The company holds 21 oil and gas licenses across 11 jurisdictions, from producing assets in Equatorial Guinea and Nigeria to its newly-acquired exploration acreages in South Sudan and Uganda.

“We look forward to working with Rosneft for the development of our existing fields, as well as planning new projects that will pump fresh energy into Africa’s oil and gas sector,” said Prince Arthur Eze, Chairman of Oranto Petroleum. “At Oranto, we understand that working through close partnerships and coordination helps make our projects stronger, and we know Rosneft will be a valuable partner as we move forward.”

Through the deal, Russia’s Rosneft significantly increases its reach into Africa, where it already holds exploration and production assets in Egypt and Mozambique. In Russia the company is a leader in the refining industry, and has integrated operations across the oil and gas value chain.

The deal was signed today on the sidelines of the three-day St. Petersburg International Economic Forum (SPIEF 2018).
http://www.businessdayonline.com/nigeria-oranto-work-russias-rosneft-21-oil-assets-africa/
Lalasticlala

Arthur Eze making more money across Africa

Arthur Na bad guy.....

NwaNimo1:
Arthur Na bad guy.....

Atlas Petroleum International and Oranto Petroleum represent Nigeria’s largest privately-held, Africa-focused exploration and production group, Oranto Petroleum along with its sister company Atlas Petroleum International currently holds 22 oil and gas licenses in 11 African countries.

This gentlemans oil interests extend all over Africa, and now he's even going further afield! Maybe he's hiding his true networth from Forbes not to be mentioned among even the 10 wealthiest Nigerians!

Good.