Monday, June 18, 2018

NIGERIA AND MOROCCO SIGNS GAS PIPE LINE DEAL

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President Muhmmadu Buhari and the King of Morocco have reportedly signed a joint declaration on the onshore and offshore gas pipeline deal.

 

Reuters news agency quoted the Moroccan state news agency reporting that the declaration marks a step forward on the implementation of an agreement reached in December, 2016.

 

The project is under the supervision of the Nigerian National Petroleum Corporation, NNPC, and Morocco’s National Office of Hydrocarbons and Mines.

 

The gas pipeline project, for which feasibility studies had already been done, will stretch over a distance of five thousand, six hundred and sixty kilometers, and executed in phases over a period of twenty-five years.

 

The next step is the launch a front-end engineering design by Nigeria and Morocco, which would also involve countries that will be crossed by the pipeline in the Economic Community of West African States, and to determine the amount of gas available for export to European off-takers.

 

The joint declaration further stated that the next phase also provides for assessing the financial cost and seeking funding from development banks.

 

The report further disclosed that Nigeria and Cameroon have also signed a cooperation agreement on agricultural vocational training.

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