The Nigeria-Morocco Gasoline Pipeline, catalyst for regional financial improvement and Africa-Europe interconnection (Ms. Benali)

by times news cr

2024-05-29 09:30:22

Talking through the weekly oral questions session within the Home of Representatives, Ms. Benali reviewed the progress of this strategic mission launched by HM King Mohammed VI and former Nigerian President Muhammadu Buhari, noting that “a lot of the feasibility and technical design research have been accomplished, in addition to the identification of the optimum route of the gasoline pipeline which will likely be related to the Maghreb-Europe gasoline pipeline”, along with “the continuation of analysis research on the sector and environmental and social influence research”.

This strategic mission could have a capability of 30 billion cubic meters per 12 months of pure gasoline, whereas the general funding envelope quantities to 25 billion US {dollars}, she specified, noting that “between 2022 and 2023, a number of memorandums of understanding have been signed” to this impact.

Relating to the governance and administration of the mission, “the mission firm (SPV – Particular Goal Car), after the feasibility research, will likely be accountable for the financing, development and operation of the gasoline pipeline”, he stated. specified the minister.

The official additionally indicated that the event of the Morocco-Nigeria gasoline pipeline will undergo three phases, the primary being that of “Senegal-Mauritania-Morocco”, underlining, furthermore, the function that pure gasoline performs as a key part of the Morocco’s power transition technique.

The minister additionally recalled the signing, final March, of a strategic memorandum of understanding between the ministries of the Inside, Financial system and Finance, Tools and Water, and Vitality Transition. and Sustainable Improvement to launch the gasoline infrastructure roadmap.

2024-05-29 09:30:22

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