THE DIVERSIFICATION OF OIL PRODUCTION
Project manager: Ministry for Oil
Estimated cost (USD): USD 864,968 million
Estimated cost (FCFA): FCFA 432,484 billion
Niger possesses an oil and gas potential with reserves estimated at over one million barrels of oil and 23,175 billion m3 of natural gas.
Current production is 20, 000 barrels per day for the exclusive supply of oil to the Zinder refinery.
The diversification of oil production aims to exploit new oil deposits in economically profitable areas or reserves already approved to produce over 110,000 barrels per day.
Increase oil production capacity to meet national demand;
Export oil to Niger’s non-oil producing neighbouring countries;
Several State tax incentives in the oil sector.
CHARACTERISTICS OF PARTNERSHIP REQUIREMENTS
Project Design: State/partner
Risk sharing: State/partner