Nigeria To Resume Fuel Importation From Neighbouring Niger Republic

Nigeria's Minister of Petroleum, Timipre Sylva
Nigeria To Resume Fuel Importation From Neighbouring Niger Republic - Vantage News Nigeria
Nigeria’s Minister of Petroleum, Timipre Sylva

Nigeria is set to resume the importation of fuel from neighbouring West African country, Niger Republic.

In a statement by the Ministry of Petroleum Resources on Thursday, Nigeria and Niger Republic signed a Memorandum of Understanding for petroleum products transportation and storage.

The statement revealed that Niger Republic’s Soraz Refinery in Zinder has an installed refinery capacity of 20,000 barrels on a daily basis.

According to the ministry, the Memorandum of Understanding was signed by Nigeria’s Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Meloe Kyari, and the Director-General of ‘Association Sportive de la Société Nigérienne des Produits Pétroliers,’ (SONIDEP), Alio Toune, under the supervision of both countries’ Ministers of State for Petroleum, Timipre Sylva and Foumakoye Gado.

Sylva while reacting to the development, said, “This is a major step forward. Niger Republic 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.”

In his reaction, Kyari said that the country looks forward to having a long-lasting relationship with the Nigerien group.

“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,” he said.

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