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OilMonster

Natural Gas June 12, 2018 01:30:14 AM

Morocco, Nigeria Sign Gas Pipeline Agreement

Anil
Mathews
OilMonster Author
The 5,600-km pipeline will give Africa a new economic, political and strategic dimension and place Morocco and Nigeria as two leaders of South-South cooperation in the African continent.
Morocco, Nigeria Sign Gas Pipeline Agreement

SEATTLE (Oil Monster): Morocco and Nigeria signed three cooperation agreements, including an agreement for a strategic Morocco-Nigeria gas pipeline, during the visit here of Nigerian President Muhammad Buhari.

The agreements were signed at the Rabat Royal Palace in the presence of President Buhari and Moroccan King Mohammed VI.

The 5,600-km pipeline will give Africa a new economic, political and strategic dimension and place Morocco and Nigeria as two leaders of South-South cooperation in the African continent.

The pipeline has strategic importance and benefits, not only for Nigeria and Morocco, but also for the countries crossed by the pipeline, a joint statement said.

Another agreement was a Memorandum of Understanding (MoU) between the OCP Group and the Nigeria Sovereign Investment Authority for the development of an industrial platform in Nigeria for the production of ammonia and related products.

There was also a cooperation agreement in the field of agricultural vocational training and technical supervision between the agriculture ministries of the two countries for the joint development of agriculture and fisheries in western Africa.

 Courtesy: www.business-standard.com

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