The Nation
by John Ofikhenua and Ambrose Nnaji
The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said Nigeria and Morocco have completed the feasibility study for the construction of the 5,660km Nigeria-Morocco Gas Pipeline.
He said the pre-Final Investment Decision (FID) for the pipeline was currently ongoing, adding that the facility would boost the region’s industries when completed.
Meanwhile, the Minister of State for Petroleum Resources, Ibe Kachikwu, announced that African countries were mobilising about $2billion to develop a financing body that will fund the energy sector.
Both Kachikwu and Baru made spoke during the second Nigeria International Petroleum Summit in Abuja which had senior government officials from across Africa, Europe and America in attendance.
The theme of the summit is : Shaping the Future through Efficiency and Innovation. The forum will create an excellent business environment to interact, cross-pollinate ideas and make deals happen.
Kachikwu urged the participants to “Think Africa, Think Nigeria, Think Collaboration.”
Baru said: “We need to collaborate especially in the area of infrastructure. Today, Nigeria and Morocco are collaborating to construct a gas pipeline that will traverse at least 15 West African countries and connect the existing Europe gas pipeline. The feasibility study has been concluded and the pre-FID greenfield optimisation study is currently ongoing.
