Niger has signed a memorandum of understanding with Chinese language state-owned oil large China Nationwide Petroleum Corp (CNPC) price USD 400 million linked to the sale of crude oil from its Agadem oilfield, Niger state tv RTN reported late on Friday.
RTN didn’t present particulars on the settlement. Niger’s army authorities and CNPC couldn’t be reached for remark.
“China is a superb pal to Niger; we are able to by no means say it sufficient,” Prime Minister and Minister of Economic system and Finance Ali Mahaman Lamine Zeine stated on the signing ceremony, which was broadcast by RTN.
“This signature demonstrates the friendship … and fruitful cooperation between the 2 states,” Chinese language ambassador Jiang Feng stated.
An export pipeline undertaking backed by CNPC subsidiary PetroChina was formally launched final November, linking the Agadem oilfield to the port of Cotonou in neighbouring Benin.
Beforehand, the West African nation had a small oil refinery with capability of round 20,000 bpd that principally provides Niger’s home gas market.
![Pinterest](https://pinterest.com/pin/create/button/?url=https://livdose.com/niger-and-china-signal-crude-oil-mou-price-usd-400-mn-et-auto/&media=https://i2.wp.com/etimg.etb2bimg.com/thumb/msid-109288005,imgsize-9766,width-1200,height=765,overlay-etauto/oil-and-lubes/niger-and-china-sign-crude-oil-mou-worth-usd-400-mn.jpg?w=1200&resize=1200,0&ssl=1&description=Niger And China Collaboration: "China is a great friend to Niger; we can never say it enough," Prime Minister and Minister of Economy and Finance Ali Mahaman Lamine Zeine said at the signing ceremony, which was broadcast by RTN.){kind=link}