Nigeria Set To Resume Fuel Imports From Niger Republic




Whatsapp News

Africa’s largest oil producer, Nigeria, will resume the importation of products from .

The Ministry of Resources announced Thursday in a statement the two countries signed a Memorandum of Understanding Thursday for products transportation and storage.

According to the statement, ’s Soraz Refinery in Zinder, some 260km from the Nigerian border, has an installed refining capacity of 20,000 barrels per day.

’s domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 bpd, mostly for ,” said.

The ministry said the MoU was signed by the Group Director, NNPC, Mallam Mele Kyari and the Director- 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 the Secretary- of the African Petroleum Producers Organisation, Dr Omar Ibrahim, in attendance.

“This is a major step forward. 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 a view to restoring the importation of (excess production) from into Nigeria.

He said, “ this development, we hope to have a long-lasting and sustainable commercial framework to having a pipeline from the Soraz Refinery in Zinder () into the most proximate Nigerian city so we can develop a depot.”

Source