Agadem oil block development, Niger
Name and location
Agadem oil block development, Diffa region, Niger.
Project description
The project will involve the development of the Agadem oil block in Niger, which will include the construction of a one-million-ton-a-year refinery and a 2 000-km pipeline. The Niger government says that the Agadem block has proven reserves of 32-million barrels.
Value
China's state-owned oil company, China National Petroleum Corp (CNPC), has signed a $5-billion deal to develop oil reserves in Niger.
Duration
The CNPC has agreed to bring the Agadem oil block into production within three years.
Breakdown of main contracts
Not stated.
Client
Niger government.
Latest developments
None stated.
Participants
CNPC.
Construction materials
Not stated.
On budget and on time?
Too early to state.
Contact details for project information
CNPC, tel +86 10 6209 4114 or fax +86 10 6209 5148.
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