NNPCL, four others sign MOU on Nigeria-Morocco gas pipeline project

The Nigerian Nationwide Petroleum Firm Restricted (NNPCL) has signed a Memorandum of Understanding with 4 nationwide oil corporations for the implementation of the Nigeria-Morocco Fuel pipeline mission.

This was revealed in a press release signed by Garba Deen Muhammad, NNPC spokesperson, made out there to BusinessDay on Friday which acknowledged that the settlement was signed on the ECOWAS Secretariat in Abuja on the sidelines of the First Steering Committee Assembly on the Trans-Atlantic Fuel Pipeline Challenge.

The assembly was attended by representatives from ECOWAS and all of the collaborating international locations, together with Nigeria, Benin, Togo, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, The Gambia, Senegal, Mauritania, and Morocco.

These tripartite MOUs had been respectively and successively signed between the Nigerian Nationwide Petroleum Firm Restricted (NNPC) and the Workplace Nationwide des Hydrocarbures et des Mines (ONHYM) of Morocco, the Société Nationale des Opérations Pétrolières of Cote d’Ivoire (PETROCI), the Nationwide Oil Firm of Liberia (NOCAL), the Société Nationale des Hydrocarbures of Benin (SNH-Benin), and the Société Nationale des Pétroles of the Republic of Guinea (SONAP).

The NNPCL mentioned that the MOUs signed had been much like these signed with ECOWAS on September 15, 2022, Mauritania and Senegal on October 15, 2022, and The Gambia, Guinea-Bissau, Sierra Leone, and Ghana on December 5, 2022, to reaffirm the dedication of the Events to this strategic mission.

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“As soon as accomplished, the mission will improve the monetization of the pure gasoline sources of the affected African international locations and in addition supply a brand new various export path to Europe; This important infrastructure mission will contribute to accelerating entry to vitality for all, enhancing the residing circumstances of the populations, integrating the economies of the sub-region, and mitigating desertification,” it acknowledged.

As well as, it’s anticipated to attain these objectives via the supply of a sustainable and dependable gasoline provide that aligns with the continent’s new environmental commitments, whereas offering Africa with a brand new financial, political, and strategic dimension.

“As a business enterprise, NNPC Ltd sees this mission as a chance to monetize Nigeria’s plentiful hydrocarbon sources, by increasing Entry to vitality to help financial development, industrialization, and job creation throughout the African continent and past,” Mele Kyari, GCEO NNPCL mentioned in his remarks.

In his remarks, Sédiko Douka, ECOWAS Commissioner for Infrastructure, Power and Digitization, mentioned the gasoline pipeline mission is critical as it’s going to assist strengthen the area’s electrical energy manufacturing/era capability, stimulate industrial and agricultural growth, and contribute to the vitality transition through the use of a supply of vitality that’s cleaner than different fossil fuels.