Nigeria Sign MoU To Import Petrol From Niger
Nigeria Sign MoU To Import Petrol From Niger.
“The Federal Government of Nigeria and the Republic of Niger have signed a Memorandum of Understanding (MoU) for petroleum products transportation and storage,” the
Ministry of Petroleum Resources explained in a statement.
Following bilateral agreements between President Muhammadu Buhari and President Mahamadou Issoufou, talks have been on-going between two countries for over
four months – through the Nigerian National Petroleum Corporation and Niger Republic’s National Oil Company, Societe Nigerienne De Petrole (SONIDEP), on petroleum
products transportation and storage.
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.
A statement by the GGM/SA Media to the Minister of State for Petroleum Resources, Garba Deen Muhammad, explaned the MoU was signed by the GMD NNPC, Mallam Mele Kyari
and the Director General of SONIDEP, Mr. Alio Toune under the supervision of the Ministers of State for Petroleum, Çhief Timipre Sylva and Mr. Foumakoye Gado, respectively
with the Secretary General of the African Petroleum Producers Organisation (APPO), Dr. Omar Farouk Ibrahim in attendance.
Speaking shortly after the MoU signing, Sylva expressed delight over the development, describing it as another huge step in developing trade relations between both countries.