TÜRKIYE IS PLANNING TO ESTABLISH LOCAL DEFENCE PRODUCTION FACILITIES AND MILITARY TRAINING CENTRES IN NIGERIA AS PART OF EFFORTS TO STRENGTHEN SECURITY COOPERATION AND INCREASE BILATERAL TRADE TO $5 BILLION.(PHOTO).

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 Türkiye is planning to establish local defence production facilities and military training centres in Nigeria as part of efforts to strengthen security cooperation and increase bilateral trade to $5 billion. Turkish Ambassador to Nigeria, Mehmet Poroy, disclosed this on Monday in Abuja, saying the proposed facilities would enable Türkiye to support local military equipment production rather than simply supplying weapons and equipment. He also revealed that 200 Nigerian special forces personnel were undergoing a two-month training programme in Türkiye, with plans underway to establish a similar facility in Nigeria. “We are planning to have some local production unit also in that context, not only selling to Nigeria the tools, equipment, the arms that it needs, but also the possibility of having local production here in Nigeria,” Poroy said. On trade, the ambassador said bilateral trade currently stood at approximately $2 billion, including oil and gas, but both countries were targe...

ANGOLA'S ANPG, EXXONMOBIL AND BLOCK 15 PARTNERS ANNOUNCE NEW OFFSHORE DISCOVERY. (PHOTO).


 Angola's ANPG, ExxonMobil and Block 15 partners announce new offshore discovery


Angola's National Oil, Gas and Biofuels Agency (ANPG), ExxonMobil (XOM.N) and partners in Angola's offshore Block 15 ‌on Wednesday announced a new oil discovery at the Vicango Este-01 exploration well.


The new discovery was made in ​Block 15, a deepwater offshore block ​that has been one of Angola's most productive ⁠oil-producing areas.


The well, located about 370 km (230 ​miles) northwest of the capital Luanda, was drilled ​to a depth of 940 metres (3,085 ft) and encountered around 25 metres of high-quality sandstone containing hydrocarbons, the ​companies said in a joint statement, Reuters reported.


The discovery is ​the 20th in Block 15, which has produced more than ‌2.7 ⁠billion barrels of oil over the past 30 years, the statement said.


"Block 15 has been one of Angola's most significant deepwater developments, and ​discoveries like ​this help ⁠increase the value of existing infrastructure while supporting future production opportunities," ExxonMobil ​Angola CEO Brian Unietis said.


Angola, Sub-Saharan ​Africa's ⁠second-biggest crude oil producer after Nigeria, has undertaken a major regulatory overhaul to encourage exploration investment ⁠as it ​looks to maintain production ​levels amid mature offshore fields.

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