Buhari Joins Gas Exporting Countries’ Leaders In Iran, Over Market Review

Posted by African Examiner Latest Headlines, News Friday, November 20th, 2015

President Muhammadu Buhari will leave Abuja Sunday for Tehran where to participate in the 3rd Gas Exporting Countries’ Forum (GECF) opening in the Iranian capital on Monday, November 23, 2015.

Buhari and the leaders of Iran, Russia, Qatar, the Netherlands, Venezuela, Oman, Algeria, the United Arab Emirates, Bolivia and other member-countries of the GECF are expected to review the current market outlook on gas and discuss strategies for boosting gas production during in meeting.

Nigeria and other GECF members currently account for 42 percent of global gas production, 70 percent of global gas reserves, 40 percent of pipeline transmission of gas and 65 percent of the global trade in Liquefied Natural Gas.

President Buhari’s SA on Media and Publicity, Mr. Femi Adeshina indicated in a statement that the Nigerian Leader, who is scheduled to hold bilateral talks with other participating Heads of State and Government on the sidelines of the GECF summit, will also meet with Nigerians residents in Iran.

Mr. President will be accompanied on the trip by the Minister of Foreign Affairs, Mr. Geoffrey Onyeama, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu and the National Security Adviser, Maj.-Gen. Babagana Monguno (rtd.). They are due to return to Abuja on Tuesday, November 24, 2015.