The Nigerian Government has signed a Memorandum of Understanding with the Government of Niger Republic for petroleum products importation.
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, leaving a surplus of 15,000 barrels per day.
Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation, signed the MoU on behalf of Nigeria while Alio Toune, Director-General of Niger Republic’s National Oil Company, Societe Nigerienne De Petrole, signed on behalf of his country.
Speaking shortly after the MoU signing, Sylva 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. My hope is that this is going to be the beginning of deepening trade relations between Niger Republic and Nigeria.”
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