Oil and power officers from Nigeria and Morocco met to raise discussions towards a last funding resolution for a deliberate transborder fuel pipeline linking North and West Africa.
“The mission, amongst different issues, will assist drive the monetization of Nigeria’s fuel assets, keep NNPC Ltd.’s power management in Africa, and promote financial and regional cooperation amongst African Nations”, the Nigerian Nationwide Petroleum Co. Ltd. (NNPC) stated in a press release concerning the talks.
The pipeline is proposed to run from Nigeria to Morocco passing via Benin, Togo, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, The Gambia, Senegal and Mauritania.
Whereas the mission settlement was signed 2017, a memorandum of understanding was signed September 2022 merging the West Africa fuel pipeline extension mission of the Financial Neighborhood of West African States (ECOWAS) and the Nigeria-Morocco pipeline.
The mission is deliberate to have a fuel transport capability of three.0 billion cubic toes per day, in accordance with NNPC.
“In a bid to fast-track the method of attaining the Last Funding Determination on the Nigeria-Morocco Gasoline Pipeline, the Federal Authorities has intensified discussions with the Kingdom of Morocco”, NNPC stated.
It defined, “Because of the worldwide nature of the mission, the ECOWAS Fee is saddled with the accountability to, amongst different issues, facilitate inter-governmental treaty and host authorities agreements, institution of Pipeline Greater Authority, and alignment with AU [African Union], UN and different related worldwide our bodies”.
Morocco and Nigeria met final week via Nigerian Petroleum Sources Minister Ekperikpe Ekpo, Moroccan Minister of Power Transition and Sustainable Improvement Leila Benali, NNPC govt vice-president (fuel, energy and new power) Olalekan Ogunleye and Director-Normal of the Morocco Nationwide Workplace of Hydrocarbons and Mines Amina Benkhadra, NNPC stated.
“The talks targeted on easy methods to drive the partnership between the 2 international locations to speed up the Nigeria-Morocco Gasoline Pipeline Mission according to the collection of Memoranda of Understanding (MoUs) signed between the 2 international locations in Abuja in 2022”, it stated.
“Each events emphasised the strategic significance of the mission to the 2 international locations and the whole African continent and the necessity to drive it to completion expeditiously according to the target of stemming power poverty on the African continent”.
Final June extra African international locations signed MOUs committing themselves to pursuing the Nigeria-Morocco fuel pipeline mission.
4 MOUs have been inked June 16, 2023, by NNPC, Morocco’s Nationwide Workplace of Hydrocarbons and Mines, Benin’s Nationwide Hydrocarbons Co., Cote d’Ivoire’s Nationwide Firm for Petroleum Operations, Guinea’s Nationwide Petroleum Co. and Liberia’s Nationwide Oil Co. “These Memoranda of Understanding, much like these signed with ECOWAS on September 15, 2022, Mauritania and Senegal on October 15, 2022, and The Gambia, Guinea-Bissau, Sierra Leone, and Ghana on December 5, 2022, reaffirm the dedication of the Events to this strategic mission”, NNPC stated in a information launch on the time.
“As soon as accomplished, the mission will improve the monetization of the pure fuel assets of the affected African international locations and in addition provide a brand new various export path to Europe”.
To contact the writer, electronic mail jov.onsat@rigzone.com