Nigeria, Morocco seal deal on pipeline, fertilizer cooperation

Nigeria and Morocco have signed agreements relating to the Nigeria-Morocco Gazoduc (pipeline) Project and the Moroccan-Nigerian cooperation in the field of fertilizers.
The signing of the agreements, which took place at the Rabat Royal Palace, Morocco, was chaired by the Moroccan King Mohammed VI, according to a statement made available to Daily Trust.
The pipeline [Gazoduc] project is designed with a direct impact on 300 million people through the speeding up of electrification projects in West Africa, serving a basis for the creation of a competitive electricity regional market.
“The scope of the Memorandum of Understanding, which was signed by the Nigerian National Petroleum Corporation (NNPC) and the Office National des Hydrocarbures et des Mines (ONHYM), was to determine the modalities of undertaking a feasibility study and a Front-End Engineering and Design (FEED) study relating to a gas pipeline from Nigeria to Morocco,” the statement said. 
The bilateral agreement on the Second Phase of the Fertiliser Initiative would enable the maximisation of local fertiliser production, it added. 
“The first phase was the supply of a cargo of phosphate by Morocco to Nigeria after eight weeks of its signing.
“This supply led to the resuscitation of 11 blending plants which produced about 1.3 million tonnes of fertiliser; creation of 50,000 (direct) and 150,000 (indirect) jobs while farmers have access to the quantity of fertiliser they need.
“The second phase will enable the maximisation of local fertiliser production through the creation of platform for basic chemical products, secure the Nigeria’s market’s fertiliser supply for competitive prices and reinforce local distribution channels,” it added. 

POSTED BY:OPUOMONI PRIYE
DATE:05/26/2017