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Niger Republic Export Fuel to Nigeria

The mutual agreements between Niger Republic and Nigeria started during the first 4 years of President Muhammadu Buhari and President Mahamadou Issoufou of Niger Republic both countries have now signed a Memorandum of Understanding (MoU) for petroleum storage and transportation.

The mutual trade deal has been on-going between the two countries for five months through the Nigerian National Petroleum Corporation (NNPC) 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 located about 260 kilometres from the border of Nigeria, and has been installed with a refining capacity of 20,000 barrels per day. Niger Republic’s total domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 bpd, mostly for exportation which Nigeria will now benefit.

Speaking shortly after the signing of the MoU, Timipre Sylva who is the current Nigerian Minister of State for Petroleum Resources, said the move is a big step in developing trade relations between both countries, Nigeria and Niger Republic.

Also talking on the recent development, the Secretary General of African Petroleum Producers Organisation, APPO, 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.

In his remarks, the GMD NNPC, Mele Kyari, said the two countries have had long engagements in the last 4 to 5 months with a view to restoring the importation of petroleum products with the excess production from Niger into Nigeria.

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