Following a memorandum understanding signed by Nigeria and Niger Republic, Nigeria will soon begin the importation of petroleum Premium Motor Spirit (PMS) also known as petrol and other petroleum products from the sister African country.
This was made known Thursday by Nigeria’s ministry of petroleum resources which said in a statement that Niger Republic’s Soraz Refinery in Zinder, some 260km from the Nigerian border, has an installed refining capacity of 20,000 barrels per day.
It said further that- “Niger’s total domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 bpd, mostly for export,” the statement said.
According to the statement, the MoU was signed by the Group Managing Director, NNPC, Mallam Mele Kyari and the Director-General of SONIDEP, Mr. Alio Toune, under the supervision of the two countries’ Ministers of State for Petroleum, Timipre Sylva and Foumakoye Gado, respectively with the Secretary-General of the African Petroleum Producers Organisation, Dr Omar Ibrahim, in attendance.
The statement quoted Sylva to have 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,” Sylva said.
While Kyari was quoted to have said that the two countries had had long engagements in the last four to five months with a view to restoring the importation of petroleum products (excess production) from Niger into Nigeria.