…. Nigeria, Morocco sign agreements on gas pipeline, others***
Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and bulk oil distributors based in Ghana have expressed eagerness to patronise the Nigerian plant when production starts.
The oil buyers said arrangements had been put in place to import petroleum products from the world’s largest single-train refinery, situated in Lekki, Lagos State and owned by the foremost industrialist, Aliko Dangote.
Hints of the eager expectation and hopes on the Dangote Refinery were revealed at this year’s Ghanaian International Petroleum Conference (Ghipcon 2018), which held in Accra, Ghana, according to a statement by the Dangote Group on Monday.
Participants at the conference as well as oil distributors and marketers from various countries were eager to know how they could key in for supplies from the 650,000-barrel-per-day refinery, according to the statement.
The Ghanaian government expressed the view that dealing with Dangote refinery for petroleum import would be a better business for African nations than depending on the international market for the supply of refined products, adding that “we will rather purchase from the Dangote Refinery due to the proximity of the refinery to Ghana and other neighbours.”
President of Ghana, Nana Akufo-Addo, who was represented by Vice President Mahamud Bawumia, said African nations were anxiously waiting for the Dangote Refinery.
During their visit to the Dangote oil exhibition stand, the Ghanaian Vice President and Minister of Energy, Boakye Agyarko, were amazed at the size of the project and expressed satisfaction with the pace of work being done at the refinery as explained to them by Mr. Babajide Soyode, the Technical Adviser to the President of Dangote Group on Refinery and Petrochemical Matters, who led the Dangote Refinery team to the conference.
In the meantime, the Federal Government and the Kingdom of Morocco on Monday in Rabat, signed three agreements as part of activities marking President Muhammadu Buhari’s two-day visit to the country.
According to a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, the agreements include that of a regional gas pipeline that will see Nigeria supplying gas to countries in West Africa sub-region, Morocco and Europe.
Shehu said signing of the agreements, witnessed by Buhari and King of Morocco, Mohammed V1, followed a meeting between the two African leaders.
The meeting, he stated, focused on strengthening economic relations on gas resource development, global investments, and agricultural training and management.
The statement read, “The feasibility study of the agreement on the pipeline, which was signed by the Group General Manager, Nigerian National Petroleum Corporation, Mr. Farouq Garba, and Mrs. Amina Benkhadra, director-general of the National Office of Hydrocarbon and Mines, will be concluded by July 2018.
“The construction of the pipeline will be phased and based on increasing needs of the countries crossed and Europe for the period of 25 years.
“The Nigeria Morocco Gas Pipeline, designed to be 5,660km long, will reduce gas flaring in Nigeria and encourage diversification of energy resources in the country, while cutting down poverty through the creation of more job opportunities.
“The NMGP will further encourage utilisation of gas in the sub-region for cooking, and discourage desertification.”
According to the presidential spokesman, the Chief Executive Officer and Managing Director, Nigeria Sovereign Investment Authority, Mr. Uche Orji; and the Chief Executive Officer, Office of the Management of Phosphate in Morocco, Mr. Mostafa Terrab, also signed a Memorandum of Understanding for the development of a chemical plant in Nigeria for producing ammonia and its derivatives.
He added that the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, and his Moroccan counterpart, Mr. Aziz Akhannouch, signed a cooperation agreement on vocational training and technical supervision to enhance skills on better management of agricultural outfits in Nigeria.
Shehu quoted Buhari as assuring the Moroccan King of Nigeria’s full commitment to the actualisation of all the agreements signed.