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Oil: The first exports from Niger arrived in Sémè Kraké

25/04/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Nigerien oil gushed out at Sémè Kraké in Benin last Sunday, an important step in the process of first exports.

L'exportation du pétrole nigérien au Bénin est une étape symbolique mais crucial pour le Niger which will now be classified among the major oil-producing African countries. Estimates are 90,000 barrels per day for this project style="font-family: "Bookman Old Style”, "serif"> whose construction began in September 2019. This project is expected to last two years and cost 5 billion dollars. Benin style="font-family: "Bookman Old Style”, "serif"> will benefit from this thanks to the royalty that will be collected on oil that crosses the country via the pipeline. This new status as an oil-exporting country will bring significant oil revenues to the Nigerian economy

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