OPEC Fund to finance Nigeria-Morocco gas pipeline
14:51, 30/04/2022, Saturday
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Gas pipeline project expected to meet economic development needs of West African countries
The OPEC Fund for International Development agreed with Morocco to finance the second phase of feasibility studies of a submarine gas pipeline with Nigeria, according Moroccan authorities.
In a statement, the Ministry of Economy and Finance said the $14.3-million agreement was signed to jointly fund the second phase of the studies of the Nigeria-Morocco Gas Pipeline (NMGP) project.
According to the state news agency MAP, the study, co-funded by the Islamic Development Bank, comprises “the drafting of documents for the implementation of the NMGP project and completion of the related technical, financial and legal analysis.”
The 5,660-km pipeline project is expected to meet the economic development needs of the West African countries through which it will cross.
This pipeline will pass through Benin, Togo, Ghana, Ivory Coast, Liberia, Sierra Leone, Guinea, Guinea-Bissau, Gambia, Senegal and Mauritania.
