Niger may become a net exporter of oil in Africa next year

According to overseas media reports on June 7, Niger recently signed a $5 billion contract with China’s state-owned oil giant China National Petroleum Corporation (CNPC) on the development of oil reserves in the eastern part of Niger. The poor Niger is likely to be in 2009. Year began to export oil to foreign markets.
The three-year contract signed between the Niger government and China's state-owned oil giant will focus on the development of the Agadem oil block and the construction of a refinery capable of processing 20,000 barrels of oil per day near the provincial capital of Zinder in eastern Niger. The factory and the laying of a 2,000-kilometer-long pipeline to transport oil to the international market.
The Niger government, which is currently being overwhelmed by the insurgents in its northern uranium production area, received aid from China in 2006 to develop its huge uranium wealth.
China CNPC entered the oil and gas field in Niger in 2003 and obtained the rights to develop several regions with a total area of ​​130,000 square kilometers. Due to the lack of infrastructure in Niger surrounded by land, Niger has not yet made the decision to develop its own proven oil resources.
For a country where 85% of residents have a daily income of less than US$2, Niger’s Minister of Mines and Energy Abdullah describes the contract as a win-win contract. Not only can the Chinese benefit, but Nigers can also Benefited from. Investors harvest oil profits, and local citizens will get jobs and income.
According to Niger’s government media Niger News Agency (ANP), the Niger’s government finalized the contract at a cabinet meeting chaired by President Niger on June 2nd.
China’s CNPC company is currently advancing in Africa and the company has now become Sudan’s largest oil investor. In addition, China CNPC’s position in other African countries has also been continuously strengthened, including Nigeria, Angola, Equatorial Guinea and Chad.

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