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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Pipeline Through Benin An Attractive Crude Export Option For Landlocked Niger (651 Views)
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Pipeline Through Benin An Attractive Crude Export Option For Landlocked Niger by Blue3k2: 11:40am On Apr 18, 2019 |
Niger and Benin have signed a bilateral agreement on the construction of a pipeline which would enable landlocked Niger to export crude oil through the port of its neighbour. The pipeline project is set to be of high importance for landlocked Niger, whose nascent oil industry and growing output ambitions are contingent on the availability of an export option, as production is currently limited to the capacity of the country’s sole refinery. The implementation of a commercially viable export option would diminish barriers to increased crude oil production, enabling Niger’s upstream sector to grow. Source: https://www.fitchsolutions.com/corporates/oil-gas/pipeline-through-benin-attractive-crude-export-option-landlocked-niger-07-02-2019?amp 1 Share
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Re: Pipeline Through Benin An Attractive Crude Export Option For Landlocked Niger by Blue3k2: 11:52am On Apr 18, 2019 |
Lol if Nigerians didn't bomb everything maybe they would export through Nigeria. It makes sense why they're more interested in exporting crude to Katsina refinery than refining in their own crude. The chad Cameroon option is less less expensive but both countries will want their cut. |
Re: Pipeline Through Benin An Attractive Crude Export Option For Landlocked Niger by Blue3k2: 4:10am On Oct 19, 2019 |
The first phase of construction requires an investment of $4 billion between 2019 and 2021. The total through completion is expected to be $7 billion, the presidency said. Benin should look to buy the oil so they're not zo dependent on Nigerian oil. |
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