Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic.
The Ministry of Petroleum Resources announced on Thursday in a statement that the two countries signed a Memorandum of Understanding on Thursday for petroleum products transportation and storage.
According to the statement, Niger Republic’s Soraz Refinery in Zinder, some 260km from the Nigerian border, has an installed refining capacity of 20,000 barrels per day.
“Niger’s total domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 bpd, mostly for export,” it said.
The ministry said the MoU was signed by the Group Managing Director, NNPC, Mallam Mele Kyari and the Director-General of SONIDEP, Mr Alio Toune, under the supervision of the two countries’ Ministers of State for Petroleum, Çhief Timipre Sylva and Mr Foumakoye Gado, respectively with the Secretary-General of the African Petroleum Producers Organisation, Dr Omar Ibrahim, in attendance.
“This is a major step forward. Niger Republic has some excess products which needs to be evacuated. Nigeria has the market for these products. Therefore, this is going to be a win-win relation for both countries,” Sylva said.
Kyari said the two countries had had long engagements in the last four to five months with a view to restoring the importation of petroleum products (excess production) from Niger into Nigeria.
He said, “With this development, we hope to have a long-lasting and sustainable commercial framework to having a pipeline from the Soraz Refinery in Zinder (Niger) into the most proximate Nigerian city so that we can develop a depot.”
I have been reporting for several years now and I am very interested in visual news reportage with strong inclusion of photos and video multimedia.
Posted: at 20-11-2020 12:26 PM (3 years ago) | Addicted Hero
dopygenius at 20-11-2020 04:32 PM (3 years ago) (m)
Am speechless on this one....You mean these polithiefcians has no single form of shame in them, despite the billions of money they personally do loot from Oil.... Importing fuel now from niger, simply mean those ministers personally do hijack fuel and sell personally to themselves,and they can up with anything to mr president cos he himself is senseless and clueless, Father of corruption....
Posted: at 20-11-2020 04:32 PM (3 years ago) | Gistmaniac
taypetdun at 20-11-2020 04:48 PM (3 years ago) (m)
The APC government is from Niger Republic, they know what they are doing that is the president approved the money for rail from Nigeria to Niger Republic, and in no distant time Niger and Nigeria will become one country.
Posted: at 20-11-2020 04:48 PM (3 years ago) | Upcoming
henman4u2002 at 20-11-2020 05:13 PM (3 years ago) (m)
I think Nigerians should demonstrate till they see a reform. This is all they need to do now to bring some change in that country. I call for a nationwide protest.
Posted: at 20-11-2020 05:13 PM (3 years ago) | Upcoming
Am speechless on this one....You mean these polithiefcians has no single form of shame in them, despite the billions of money they personally do loot from Oil.... Importing fuel now from niger, simply mean those ministers personally do hijack fuel and sell personally to themselves,and they can up with anything to mr president cos he himself is senseless and clueless, Father of corruption....
Are you surprised .. A country that is seeking for loan from common Brazil, another third world country !! That's to tell you the level of shame this idiots has brought to our country..
Posted: at 21-11-2020 01:30 AM (3 years ago) | Gistmaniac
Am speechless on this one....You mean these polithiefcians has no single form of shame in them, despite the billions of money they personally do loot from Oil.... Importing fuel now from niger, simply mean those ministers personally do hijack fuel and sell personally to themselves,and they can up with anything to mr president cos he himself is senseless and clueless, Father of corruption....
Are you surprised .. A country that is seeking for loan from common Brazil, another third world country !! That's to tell you the level of shame these idiots has brought to our country..
Posted: at 21-11-2020 01:32 AM (3 years ago) | Gistmaniac
priston
Lisabi
ficull
henman4u2002
trulyval
Wazubia
tyomon
SWORDMAN
TRENDING GISTS 
BREAKING: Tragedy As 4 Year Old Boy Dies In Abuja School Amid Suspicion Of Foul Play
Veteran Journalist, Ray Ekpu Loses Wife To Cold Hands Of Death
VIDEO: Davido Lists Artistes He Loves To Collaborate With