It is the biggest investment in a cross-nation oil pipeline CNPC has made in Africa, the company said.
OILMONSTER.COM- China National Petroleum Corp (CNPC) signed a contract with the government of Benin in West Africa to build and operate a crude oil pipeline in the region, the company said in a statement on Tuesday.
The 1,980-kilometres pipeline will start from the Agadem oil field in neighbouring Niger and end at the port of Seme Terminal in Benin, aiming to help Niger to export its crude oil.
It is the biggest investment in a cross-nation oil pipeline CNPC has made in Africa, the company said, but it did not give further details.
The pipeline project comes after CNPC launched an oil refinery with annual throughput capacity of 1 million tonnes in Zinder in southern Niger in 2011.
Last week, CNPC had set a 2020 production target of more than 2 million barrels oil equivalent per day from overseas oil and gas operations.
Courtesy: www.reuters.com
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