Nigeria-Morocco: Gas pipeline and fertilizers projects to officially begin after signing of final agreements
(Ecofin Agency) - On the sidelines of a ceremony presided by Morocco’s King Mohammed VI on May 15th, two agreements related to the Nigeria-Morocco gas pipeline project and bilateral cooperating in the fertilizers sector were signed. The projects will thus be officially launched.
The first agreement, knowingly that for the gas pipeline was signed by the director general of the Moroccan Office for Hydrocarbons and Mining, Amina Benkhadra, and Managing Director of Nigerian National Petroleum Company (NNPC), Maikanti Baru (photo). With an estimated cost of $25 billion, the project will have benefit more than 300 million people and accelerate electrification projects in West Africa.
Regarding the second agreement, it was signed by CEO of OCP Group, Mostafa Terrab and the President of the Fertilizers Producers and Suppliers Association of Nigeria (FEPSAN), Thomas Etuh. It aims to boost local fertilizers production and secure the Nigerian market’s fertilizer supply for competitive prices and reinforce local distribution channels.
Let’s recall the currents agreements were reached by the leaders of the two countries in December last year. They aimed at reinforcing bilateral relationships between Morocco and Nigeria.