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The military’s Niger will begin its first oil exports in January 2024. Meanwhile, Russia replaces the EU

Niger aims to start exporting its first crude oil in January, the African country's military leader, Abdourahamane Tiani, told state television .

The commercial phase of exports is expected to start in January from the port of Cotonou, Benin, confirmed Tiani, quoted by Reuters .

General Abdourahamane Tiani, commander of Niger's presidential guard, was appointed head of state at the end of July by a governing council established by the military forces that overthrew Niger's president Mohammed Bazoum. A group of military commanders overthrew Niger's government, and the country's army declared its support for the coup.

The West African country is a former French colony and a major supplier of uranium to nuclear power plants in France and other European countries. After the coup, there was some concern about uranium deliveries to the EU but, according to Euratom, there would be no immediate risk to supply even if Niger stopped exports of the commodity, it reported at the time Reuters.

Niger now seeks to export its first barrels of crude oil via a new pipeline project. The pipeline was inaugurated in early November and connects the Agadem oil field in Niger to the port of Cotonou in Benin.

Currently, storage tanks in Cotonou are being filled and the filling is expected to be completed by January, according to Niger's military leader. The commercialization phase should then begin, Tiani added.

Niger wants to focus on refining crude oil domestically for the local market, the leader said.
“Our desire is not to commercialize crude oil. We want to go towards a refinery that will process Niger crude on Niger soil,” Tiani told Reuters.

Niger currently has a small refinery with a capacity of 20,000 barrels per day (bpd), whose production mainly supplies the domestic market.

Breakdown of relations with the EU, replaced by Russia

In the meantime, the Niger junta has canceled the security agreement it had with the EU for the fight against violence and extremism in the Sahel and has expelled all European presences. The intention is to turn to Russian forces, including mercenary ones, to maintain security. Hence the need to have greater resources by exporting oil, and as much as possible.


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The article The military's Niger will begin its first oil exports in January 2024. Meanwhile Russia replaces the EU comes from Economic Scenarios .


This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-niger-dei-militari-iniziera-le-sue-prime-esportazioni-di-petrolio-a-gennaio-2024-intanto-la-russia-sostituisce-la-ue/ on Tue, 12 Dec 2023 07:00:35 +0000.