11-08-08 Iran is to hold talks with the Nigerian National Petroleum Corporation (NNPC) on how to provide services in oil and natural gas sectors.
The Iranian Offshore Oil Company (IOOC) is currently in talks with the NNPC to provide offshore and onshore services in Nigeria's oil and natural gas sectors especially in the area of gas field discoveries. The Nigerian Gas Co. (NGC) and the Iranian firm were the winners of a tender bid in the Calabar-Andongas pipeline project.

The project, set for completion in the first quarter of 2010, is valued at more than $ 156 mm and will enable the two companies to provide the gas requirements of the Calabar power plant.
Nigeria plans to build 10 liquefied natural gas (LNG) factories with a 5-mm ton capacity over the next 10 years, said NGC Executive Director Chris Ogiemwonyi. Nigeria currently has 180 tcf of natural gas reserves but that figure is expected to rise to 300 tcf with the completion of the discovery projects.