This African country prepares exporting its first crude ever!

Tell a friend about this post


In Niger, political intrigues are changing the face of the country. But there’s one thing standing out. That country is about to enter the business of exporting crude oil.

The new business dispensation is made known by the ruling military authority under the leadership of Abdourahamane Tiani.

The government of Niger hopes to accomplish this mission through the use of the newly constructed Niger-Benin pipeline. Business is expected to commence in January 2024.

According oil experts, this makes a significant milestone for the country in a bid to boost its economic strength.

The business will have Chinese energy giant, PetroChina in full support. The 2,000 kilometer pipeline stretches from Agadem oilfield in Niger to the port of Cotonou.

Empathically, Tiani announced: We can hope for first releases of barrels of Nigerien crude next January. He also stated that Niger will receive 25.4 percent of the revenue coming from sales of the crude.

The pipeline that will carry the crude was commissioned last month by the civilian prime minister appointed the military.

Niger, said to be one of the poorest states in the world, will sell its crude on the international oil market for the very first time.

Tell a friend about this post
READ ALSO  Oil up 2% to near 10-month high, OPEC predicts tight supplies

You cannot copy content of this page