Thursday, February 01, 2018 4.00PM / Proshare WebTV
Today, the Honorable Minister of State for Petroleum Resources, Dr. Emmanuel I. Kachikwu met with the President of the Republic of Niger, Mahamadou Issoufou and the Energy Minister of the Republic of Niger, Mr. Foumakoye Gado.
A mutually beneficial agreement was reached for the construction of a refinery in the border town between the Republic of Niger and Katsina State, Nigeria and a crude oil pipeline from the Republic of Niger to the new refinery.
From this development a Definitive bilateral and technical agreements on the refinery, is to be signed in coming days.
This will mark another chapter in the Nigeria-Niger Bilateral trade, partnership and agreements this time anchored on energy and petroleum refining.
Earlier this year the Petroleum Ministry released a statement of plans for 10 new modular refineries for the Niger-Delta region, with Akwa Ibom, Cross River, Delta, Imo and Edo States as the major beneficiaries.
Meanwhile the single largest petrochemical refinery in Nigeria, built by Dangote Group in Lekki-Epe, Lagos is in progress with the set target of 2019 for completion.
1. Remarks by Senate President at Public Hearing by Senate Committee on Petroleum
2. Oil Prices Begin Their Retreat
3. What Could Push Oil To $100?
4. NNPC to Build More Depots, Expand Market Share
5. Factors That Will Affect the Price of Oil in 2018
6. A Poor Use of Limited Resources; Fuel Shortages Highlight Nigeria’s Failure to Refine Domestically
7. Fuel Scarcity: DAPPMA denies involvement in hoarding petroleum products
8. Buhari Approves $2.8bn North-South Gas Highway
9. Local Refining, The Obvious Solution