A NEW LOW: Nigeria To Import Fuel From Niger Republic

One would have thought that it was enough shame that Nigeria remains the only only oil producing country in the world that does not refine its products by itself but rather realies on importation of processed crude products, but wait for another shocker.

Indication emerged on Thursday that Africa’s biggest oil producer plans to resume the importation of petroleum products from neighbouring country, Niger Republic.

The Ministry of Petroleum Resources made the announcement in a statement further revealing that the two countries had already signed a Memorandum of Understanding 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.

Part of the statement also read that “Niger’s total domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 bpd, mostly for export,”

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.

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.”

YOU MAY ALSO LIKE:   Full Text of Buhari's Independence Day Speech

Leave a Reply

Your email address will not be published. Required fields are marked *