Niger aims to triple oil output by 2018

Niger

NIAMEY, October 15, 2015 – Niger aims to more than triple its oil production by 2018.

Output from the West African country stands at 20,000 barrels of oil per day. The government hopes to raise this to 70,000 barrels per day in the coming three years, Deputy Budget Minister Mohamed Boucha said on Wednesday.

Production is expected to grow as the China National Petroleum Corporation (CNPC) brings a pipeline on stream in 2016 and increases its output.

The pipeline will inaugurate Nigerien crude exports, carrying oil from the Agadem field to a coastal terminal in Cameroon.

A deal was reached in mid-2014 between Niger and Chad for the pipeline,  a 193-kilometre link to an existing Chad-Cameroon line.

Niger began producing oil in 2011 following a $5-billion exploration deal struck with the CNPC.

The country’s output is currently processed at the CNPC-run Soraz refinery.

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