Amid frosty diplomatic relations, Benin is expected to receive transit duties and tax revenues per quantity of Nigerien oil that gushes out at Sémè Kraké.
The projection comes as the platform where the 1980km pipeline that connects the Agadem oil fields lands.
Last Sunday, Nigerien oil reportedly gushed out at Sémè Kraké in Benin raising hopes for at least 2,000 jobs across the west African nation.
The project whose construction began in September 2019 has faced several delays. It was expected to last two years and cost over $5 billion.
According to a 2019 national petroleum plan, the pipeline, linking Koulele in Niger to the port of Seme in Benin will produce about 90,000 barrels per day (bpd), something that will transform Niger into a significant regional oil producer.
However that optimism was dampened and remains in doubt after a military coup sacked the democratically elected president Mohammed Bazoum in July last year.
With the giant oil pipeline via the Sémè Kraké border, the country’s oil production will increase to 110,000 bpd, a lot closer to its official target to increase to 200,000 barrels per day by 2026.
The landlocked west African nation is believed to be sitting on a billion barrels of crude reserves, according to the African Petroleum Producers’ Organization.
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