NIAMEY (Reuters) – Niger’s oil refinery, Soraz, can begin selling petroleum merchandise, ending a monopoly held when you consider that 2011 by way of state oil products agency Sonidep, in keeping with a central authority file.
Soraz is a joint project between the authorities and China countrywide Petroleum Corp, which owns 60percent. It processes a few 12,000 to sixteen,000 barrels in step with day, imparting Niger’s most effective huge-scale approach of reworking crude oil into petroleum products together with gasoline.
“Soraz and Sonidep are legal to together export delicate products. After assembly domestic needs, theexcess production could be split 50-50 among the companies,” electricity Minister Foumakoye Gadostated in a letter to the Minister of commerce.
The decision turned into taken after talks in cupboard and with the chinese partners and an export feemight be set every month, stated the letter, which changed into seen by way of Reuters. A mechanismmight be put in place to offset a upward thrust in pump charges.
(Reporting by way of Boureima Balima; Writing by Matthew Mpoke Bigg; enhancing through David Evans)