NNPC gets FEC approval for Nigeria-Morocco Gas Pipeline
The Federal Executive Council (FEC) has given accent to NNPC to enter into an agreement with ECOWAS for the construction of the Nigeria-Morocco Gas Pipeline.
Timipre Sylva, Minister of State for Petroleum Resources briefed State House correspondents after the FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja.
Mr. Sylva said the project was still at the point of the front-end engineering design after which the cost would be determined. The pipeline will go through 15 West African countries to Morocco and Spain in Europe.
“The Ministry of Petroleum Resources presented three memos to Council. In the first memo, Council approved for the NNPC Ltd to execute MoU with ECOWAS for the construction of the Nigeria-Morocco Gas Pipeline. This gas pipeline is to take gas to 15 West African countries and Morocco and through Morocco to Spain and Europe,” he said.
The minister said further that the Council also approved the construction of a switchgear room and installation of power distribution cables and equipment for the Nigeria Oil and Gas Park in Ogbia, Bayelsa, in the sum of N3.8billion. The park is expected to support local manufacturing of components for the oil and gas industry.
He added that FEC also approved various contracts for the construction of an access road with bridges to the Brass Petroleum Product Deport in Inibomoyekiri in Brass Local Government in the sum of N11billion plus 7.5 percent VAT.
The Nigeria-Morocco Gas Pipeline was proposed in a December 2016 agreement between the Nigerian National Petroleum Corporation (NNPC) and the Moroccan Office National des Hydrocarbures et des Mines (National Board of Hydrocarbons and Mines) (ONHYM).
The pipeline will transport Nigerian gas to every coastal country in West Africa (Benin, Togo, Ghana, Cote d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, Gambia, Senegal, and Mauritania), through to Tangiers, Morocco, and terminate at Cádiz, Spain.
RECOMMENDED ARTICLES
Comment
No comments found.