Things to know about Niger-Nigeria refinery, pipeline deals - The Insurance and Finance Scope <!-- tosinakinde_sidebar(1)_AdSense6_160x600_as -->

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Wednesday, August 1, 2018

Things to know about Niger-Nigeria refinery, pipeline deals



Idowu Sowunmi
Idowu Sowunmi

"President Muhammadu Buhari-led administration wants to build cattle ranch in Edo State which is an oil-producing state but conversely wants to build a refinery in Katsina State which is a cattle-rearing state. Hmmmmnn!" - Annoymous

Things to Know about Niger-Nigeria Refinery, Pipeline Deals
The pipeline is to be constructed from Niger to a border town in Katsina State, Nigeria. The new refinery would process up to 100,000 and 150,000 barrels per day of crude from Niger Republic.
Propelled by the desire to encourage cross border economic development, Nigeria and the Republic of Niger recently signed a Memorandum of Understanding (MoU) for the construction of a hydrocarbon pipeline and a petroleum refinery.
President Muhammadu Buhari, shortly after signing of the MoU, inaugurated a steering committee for the projects which is to be co-chaired by Nigerian and Nigerien ministers. Buhari also inaugurated a separate team led by Nigeria’s Engineer Rabiu Suleiman, supported by the Director General Hydrocarbon of Niger Republic, to develop the implementation roadmap...
The choice of Katsina was informed by its short distance to Niger, a factor that would lower the pipeline distance and cost of construction.
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