Nigerian Petroleum Minister Rilwanu Lukman said “This Memorandum of Understanding is principally to enhance the integrity and monitoring of the Nigeria oil transportation network infrastructure.”

Financial details and specifics on which parts of Nigeria’s state-run Nigerian National Petroleum Corporation’s approximately 6,000 km of pipeline infrastructure would be included in the deal were not disclosed.

Ruscorp Vice Chairman Aleksey Danilyants said “The overall reduction in the environmental damage that occurs during oil transportation.”