Iran, Nigeria Oil Sells At Low Price At International Market

The Iranian Ambassador to Nigeria, Morteza Rahini, has revealed that Iran and Nigeria are selling their oil and gas to the international market at “a very cheap” price.

The Envoy disclosed this when he led a delegation to visit the Abuja Chamber of Commerce and Industry (ACCI) in Abuja on Wednesday, June 29.

Rahini said: “Both countries are selling oil and gas in a very cheap price. We have to bring out our countries from this situation. We must add value to our oil resources now, and we have found in Nigeria a strategic partner in this venture.”

He said instead of both countries to continue exporting only crude and getting petroleum in return, they could refine locally and also explore investment opportunities in other petroleum bye products.

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