Home Business Niger Resumes Oil Exports to Benin After Months-Long Dispute
BusinessNews

Niger Resumes Oil Exports to Benin After Months-Long Dispute

429

Niger has resumed crude oil exports to Benin following a resolution of the dispute that had halted the flow of oil through a Chinese-funded pipeline. The pipeline, which stretches nearly 2,000 kilometres from Niger’s Agadem oilfield to the Benin coast, had been blocked since June due to political tensions between the two nations.

The conflict began when Niger refused to lift its ban on imported goods from Benin, leading to Benin’s decision to halt oil exports through the pipeline. Despite the Economic Community of West African States (ECOWAS) lifting sanctions on Niger earlier this year, Niger maintained its border closure, further straining relations.

Negotiations eventually led to a breakthrough, although it is not yet clear what the recent agreement is. Talks between Niger’s military junta leader Abdourahamane Tchiani and two former Beninese presidents, Thomas Boni Yayi and Nicephore Soglo, facilitated the deal that allowed exports to resume.

Niger’s oil exports are part of a $400 million deal with China National Petroleum Corp (CNPC). The agreement allows Niger to repay a loan from China through oil shipments over 12 months. The pipeline in question is operated by the West African Gas Pipeline Company (WAPCO) and has a capacity of 90,000 barrels per day.

Read More:

About The Author

Related Articles

AES
News

Mali, Niger, and Burkina Faso to Launch Unified Military Force Against Terrorism with 5,000 Officers

Mali, Niger, and Burkina Faso, the three nations comprising the Alliance of...

EFCC Won't Comment On Invasion of UrbanRadio94.5FM and Hosts Abduction
News

EFCC Officer Absconds with $30,000 as Anti-Graft Agency Faces Mounting Internal Scandals

The Economic and Financial Crimes Commission (EFCC) is embroiled in another controversy...

Gunmen launched an attack on the weekly cattle and main market in Ngalda, the headquarters of Fika Local Government Area in Yobe State, leaving seven traders dead and injuring eleven others.
NewsSecurity

ICYMI: Gunmen Attack Market in Yobe, Kill Seven, Steal Goods Worth ₦16.5m

Gunmen launched an attack on the weekly cattle and main market in...

President Donald Trump Signs Executive Orders
NewsWorld

Trump Reverses Several Biden Policies on First Day Back in Office

President Donald Trump signed several executive orders on his first day back...