International
NNPC signed four memorandums to implement the $25 billion NMGP project
Seetao 2022-10-18 11:19
  • The pipeline project is funded by NNPC and ONHYM at a ratio of 50:50
  • The Nigeria Morocco gas pipeline is planned to connect Morocco to the Maghreb European gas pipeline to connect to the European gas network
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Nigerian National Petroleum Corporation signed four additional memorandums of understanding to further implement the Nigeria Morocco natural gas pipeline project of US $25 billion. According to the Nigerian state-owned company, the memorandum was signed with the Moroccan National Mineral and Hydrocarbon Administration, Senegal PETROSEN and Mauritanian SMH. These documents were signed in Nouakchott, Mauritania.

The latest memorandum of understanding is a follow-up to the memorandum of understanding signed by Morocco, Nigeria and the Economic Community of West African States last month, which launched nearly 5600 kilometers of offshore pipelines.

Mallam Mele Kyari, Chief Executive Officer of NNPC Group, said that the economic integration of West Africa through Nigeria Morocco natural gas pipeline project is crucial to the economic growth of the region.

Kyari added that NNPC is committed to transforming the natural gas pipeline project into the functional value of all transit countries. The pipeline will be built along Nigeria's West African coast. Before arriving in Morocco, it will pass through 11 countries, including Ghana, C ô te d'Ivoire, Senegal and Mauritania. Keywords: overseas news, engineering news

Kyari said that the Nigeria Morocco pipeline is one of the key decisions we need to make to promote this integration and economic value. It will pass through several countries. I can confirm that ECOWAS has approved this project. Therefore, today's meeting is in line with the national oil companies of Senegal and Morocco so that we can continue. We are happy that this is happening and will add value.Editor/Xing Wentao

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