Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigeria, Norway trade volume close to $40bn

    Nigeria, Norway trade volume close to $40bn

    May 19, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp

    …Over 50 Norwegian firms active in Nigeria’s energy sector

    OpeOluwani Akintayo, with agency report

    19 May 2018, Sweetcrude, Lagos – The trade volume between Nigeria and Norway is between 30 and 40 billion dollars, according to the Norwegian ambassador to Nigeria, Jen-Peter Kjemprud.

    Describing the relationship between both countries, Kjemprud, in an interview with the News Agency of Nigeria, NAN, in Abuja on Friday, said the relationship was cordial.

    “The volume of trade between the two countries is so difficult to say because most of the trade is being done with multinational companies, but we estimate it to be between 30 and 40 billion dollars a year,” he said.

    According to him, the relationship between Nigeria and Norway dated back to 1880s.

    “Norway started to export fish to Nigeria in the 1880s and 1890; the relationship was cordial until independence.

    “However, from the last ten or 20 years, it has grown substantially both politically and economically”.

    According to Kjemprud, more than 50 Norwegian companies are currently active in the Nigerian oil and gas sector, sub-sea, onshore, renewable energy and some of which is expanding.

    Pledging to strengthen the relationship between the two countries, he promised to attract more investors from Norway to explore available opportunities in Nigeria, adding that there are more opportunities for Nigerians to do business in Norway.

    He also said that the embassy was working closely with the Nigeria-Norwegian Chamber of Commerce to promote and expand businesses between the two countries.

    “I think in the oil sector there could be more reciprocating in investment and cooperation.

    “Only this week there is going to be a huge investment contract in the service sector to be signed in Nigeria with Singaporean and Norwegian companies,” he said.

    Related News

    NNPC raises alarm over sabotage campaign targeting leadership, reforms

    WTO hails Nigeria Customs as continental model for trade facilitation

    NEPZA, Federal Committee, Dangote Refinery FZE to crash petroleum products prices

    E-book
    Resilience Exhibition

    Latest News

    Genesis Energy, Desert Technologies sign strategic collaboration agreement to accelerate renewable energy access in Afric

    June 28, 2025

    Akwa Ibom, REA partner to expand rural electrification access 

    June 28, 2025

    Heirs Energies, Renaissance Africa Energy collaborate to drive Nigeria’s oil & gas development

    June 28, 2025

    NLNG boosts healthcare access, launches laboratory in Bauchi hospital 

    June 28, 2025

    NNPC raises alarm over sabotage campaign targeting leadership, reforms

    June 27, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.