tube pipe logo

Niger Commissions 2,000 km Pipeline Project to Export Crude Oil

Niger has commissioned a 2,000-kilometer-long pipeline to Benin to export its crude oil to the international market for the first time. Niger’s government has invested USD 6 billion in the project.

Nov 2, 2023

Niger has commissioned a massive pipeline to transport crude oil to neighboring Benin, marking a significant milestone for the West African country. The 2,000-kilometer-long pipeline will enable Niger to export its crude oil to the international market for the first time, potentially boosting its economy and generating much-needed revenue. The pipeline is expected to increase oil production to 110,000 barrels daily, with a target of 200,000 barrels per day by 2026. Niger’s government has invested USD 6 billion in the project, including USD 4 billion for oil field development and USD 2.3 billion for pipeline construction. Revenue generated from the pipeline will be used to support Niger’s sovereignty and development.

Prime Minister Ali Mahaman Lamine Zeine said, “The resources from exploitation would be used to ensure the sovereignty and development of our country.” Despite the pipeline’s completion, Niger faces challenges in exporting its oil due to ongoing sanctions imposed by the Economic Community of West African States (ECOWAS) following a military coup in July 2023. These sanctions have also led to the western countries cutting off aid to Niger, and the World Bank has warned that the sanctions could negatively impact Niger’s GDP if they continue.

Also Read: Essar Group to Invest USD 4 Billion for Saudi Steel Plant

Share this post:

Related Posts

Recent Posts

Subscribe Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

WordPress Ads