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Oil and gas investors interact with President Bazoum of Niger in Houston, Texas

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African Energy Chamber

Building on years of increased engagement between Africa and the US, the African Energy Chamber (AEC) (www.EnergyChamber.org) and EnerGeo Alliance, the global trade alliance for the energy geoscience industry, hosted President of the Republic of Niger, HE Mohamed Bazoum, for an investment promotion session in Houston, which served to deepen cooperation between Niger and US-based companies.

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The event, which took place on September 23, was part of a broader summit involving African heads of state, ministers and executives from Houston, during which participants discussed opportunities, developments and challenges regarding the future of the african energy.

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“The goal of this event, in line with President Bazoum’s consistently expressed priorities of inviting and engaging with credible investors who can partner with the government and our private sector to exploit Niger’s resources for the benefit of both investors and for the people of Niger,” said Mahamane Sani Mahamadou, Minister of Petroleum of the Republic of Niger, who was also present at the event.

“Currently, Niger has more than 35 exploration blocks on offer with great potential and we invite interested parties to bid for them,” he continued.

The Nigerien government is committed to bringing reliable and sustainable energy to the entire country.

With the country’s stated goal of achieving universal access to electricity by 2035, the West African country has established a plan for rural electrification through the development of the Niger Agency for the Promotion of Rural Electrification, which launched a study of feasibility at the national level for the development of a market for mini networks throughout the country.

The development of its huge gas reserves will definitely play an important role in achieving this goal.

Additionally, the Government of the Republic of Niger, in March 2022, signed an agreement with the independent energy company, Savannah Energy, for the construction and operation of the first wind farm in the country.

Expected to become one of the largest wind farms on the continent, the Parc Eolien de la Tarka wind farm will have an installed generation capacity of 250 MW.

Since his election, President Bazoum has redirected focus to the country’s burgeoning oil sector, prioritizing infrastructure developments such as the 2,000 km, $4.5 billion crude oil pipeline linking the highly prospective Agadem Rift basin in Niger with the Benin coast.

With an expected capacity of 90,000 barrels per day once completed in 2023, the pipeline is expected to increase domestic production fivefold, positioning the country as a major regional oil producer and global competitor.

The pipeline will provide a direct link between Niger’s abundant resources and international markets, increasing export opportunities and boosting domestic production.

It will also demonstrate the viability of the Sahel region as a major oil and gas producing frontier.

Already, with two major oil producers active in the country, namely China National Petroleum Corporation (CNPC), currently the main operator of the Niger-Benin pipeline, and Savannah Energy, Niger is boosting frontier exploration and associated production.

These producers have been instrumental in establishing Niger’s oil sector, spearheading drilling prospects that have led to major discoveries.

Along with an added focus on local content, Niger’s oil sector, under the leadership of Minister Mahamadou, has fueled job creation, increasing energy access and socio-economic growth in the process.

“We continue to see great progress in Niger, when it comes to the investment climate in its oil and gas sector, especially the tax terms offered to investors, as well as sensible local content regulations that make it easy for investors.

to invest their capital and reap great benefits while contributing immensely to the development of the country”.

Said NJ Ayuk, CEO of the African Chamber of Energy.

“This will undoubtedly unlock additional billions of dollars in investment in Niger’s oil and gas sector and ultimately lead to energy security in the country and the region,” Ayuk continued.

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