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Nigeria signs MoU to import fuel from Niger Republic

Nigeria signs MoU to import fuel from Niger Republic
November 20
10:14 2020

The Nigerian government, through the ministry of petroleum resources, has signed a memorandum of understanding with the government of Niger Republic for petroleum products importation.

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According to a statement released by the ministry, Soraz Refinery in Zinder, Niger Republic, has an installed refining capacity of 20,000 barrels per day compared to the nation’s 5,000bpd domestic requirement.

This leaves a surplus of 15,000 barrels per day.

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), signed the MoU on behalf of Nigeria while Alio Toune, director-general of Niger Republic’s National Oil Company, Societe Nigerienne De Petrole (SONIDEP), signed on behalf of his country.

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The signing was witnessed by the ministers of state for petroleum of the two countries, Timipre Sylva for Nigeria and Foumakoye Gado for Niger Republic.

“This is a major step forward. The Niger Republic has some excess products which need to be evacuated. Nigeria has the market for these products. Therefore, this is going to be a win-win relationship for both countries,” Sylva said.

“My hope is that this is going to be the beginning of deepening trade relations between Niger Republic and Nigeria.”

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In his remarks, Kyari said the two countries have 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.

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

“We are happy that we have reached that conclusion and our two ministers have endorsed this framework. We are also working on a detailed MoU between our two companies so that we can continue the execution process immediately.”

Nigeria currently imports refined petroleum products despite having four refineries. As a result, scarce forex is spent to ensure that there is no scarcity in the country.

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Government officials have expressed hopes that the 350,000 capacity Dangote refinery being constructed will end the era of petroleum products importation in Nigeria.

2 Comments

  1. Aliyu
    Aliyu November 20, 14:44

    Shame on you! Nigerian government can’t refine our crude oil, we had to rely on oil refined from Niger republic. Corruption has eaten up our system. It is a big embarrassment to us

    Reply to this comment
  2. SEAN ALEX
    SEAN ALEX November 20, 20:43

    DISGRACEFUL AND EVIL WHAT HAVE WE DONE IN THIS COUNTRY TO WARRANT THIS KIND OF EMBARRASSEMENT

    Reply to this comment

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