The Federal Government and the Republic of Niger have signed a Memorandum of Understanding (MoU) for petroleum products transportation and storage
Following bilateral agreements between Nigeria’s President Muhammadu Buhari and President Mahamadou Issoufou, talks have been on-going between the 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 Group General Manager And SA Media to the Minister of State for Petroleum Resources, Garba Deen Muhammad, stated that the MoU was signed by the GMD NNPC,Mele Kyari and the Director General of SONIDEP, Alio Toune under the supervision of the two countries’ Ministers of State for Petroleum, Timipre Sylva and Foumakoye Gado, respectively with the Secretary General of the African Petroleum Producers Organisation (APPO), Dr. Omar Farouk Ibrahim in attendance.
Shortly after the MoU signing, the Nigerian Minister of State for Petroleum Resources, Chief Timipre Sylva expressed delight over the development, describing it as another huge step in developing trade relations between both countries.
He said it is going to be a win-win for the two countries Secretary General of African Petroleum Producers Organisation (APPO), Dr. Omar Farouk Ibrahim said he could not be happier with what he witnessed in terms of co-operation and collaboration between the two APPO member countries in the area of hydrocarbons.
GMD NNPC, Mele Kyari, said the two countries have 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.
The development, he hope will bring a 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.