Signature of Memorandum of Understanding Between Niger and Nigeria

Source Press Release
Company Savannah Petroleum Plc 
Tags Asset Deals, Deals, Pipelines/ tankers/ distribution
Date July 24, 2018

Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to note the signature earlier today of a Memorandum of Understanding (the “MOU”) between the Governments of the Republic of Niger and the Federal Republic of Nigeria in relation to the export of crude oil from the Agadem Rift Basin (“ARB”) of South East Niger to Nigeria (the “Niger-Nigeria Export Project”).

The MOU was signed by the Minister of Petroleum of Niger, Mr. Foumakoye Gado, and the Minister of State for Petroleum Resources of Nigeria, Dr. Emmanuel Ibe Kachikwu, and witnessed by President Mahamadou Issoufou of Niger and President Muhammadu Buhari of Nigeria. Savannah, China National Petroleum Corporation (“CNPC”) and various other project stakeholders and dignitaries were also in attendance.

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