Niger - Petroleum and Gas ProductsNiger - Petroleum and Gas
Overview
Table 5: Niger Petroleum and Gas Production (USD Thousands); (b/d = barrels per day)
Data Sources: IMF Country Report No. 15/342
Leading Sub-Sectors
Four blocks are currently under license: KAFRA, BILMA, TENERE and AGADEM. The Agadem block has been in production since 2011. Construction of a new refinery and pipeline in Zinder was completed at the end of 2011. The Zinder refinery has a capacity of 20,000 barrels per day and produces gasoline, gas oil and liquefied petroleum gas (LPG).
In 2014, Niger awarded a production-sharing contract to a UK-based firm called Savannah Petroleum as it seeks to attract a broader range of investors into its nascent oil industry.
The country is expected to export around 80,000 barrels per day via a pipeline through neighboring Chad and Cameroon in the near future.
Opportunities
Now that oil has been found in Niger, there may be increased demand for oil field equipment of all kinds. Interest in exploration by Chinese, Algerian, and UK-based companies appears to be intensifying.
Web Resources
CNPC in Niger
IMF Country Report No. 15/342 Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Table 5: Niger Petroleum and Gas Production (USD Thousands); (b/d = barrels per day)
| Year | 2014 | 2015 | 2016 (est.) | 2017 (est.) |
|---|---|---|---|---|
| Total Market Size | N/A | N/A | N/A | N/A |
| Total Production | 17,000 b/d | 14,000 b/d | 16,000 b/d | 20,000 b/d |
| Total Exports | 244,786 | 203,589 | 209,230 | 423,760 |
| Total Imports | 74,188 | 52,649 | 23,760 | 24,102 |
| Imports from the U.S. | N/A | N/A | N/A | N/A |
| Exchange Rate: 1 USD | 585 CFA | 585 CFA | 585 CFA | 585 CFA |
Leading Sub-Sectors
Four blocks are currently under license: KAFRA, BILMA, TENERE and AGADEM. The Agadem block has been in production since 2011. Construction of a new refinery and pipeline in Zinder was completed at the end of 2011. The Zinder refinery has a capacity of 20,000 barrels per day and produces gasoline, gas oil and liquefied petroleum gas (LPG).
In 2014, Niger awarded a production-sharing contract to a UK-based firm called Savannah Petroleum as it seeks to attract a broader range of investors into its nascent oil industry.
The country is expected to export around 80,000 barrels per day via a pipeline through neighboring Chad and Cameroon in the near future.
Opportunities
Now that oil has been found in Niger, there may be increased demand for oil field equipment of all kinds. Interest in exploration by Chinese, Algerian, and UK-based companies appears to be intensifying.
Web Resources
CNPC in Niger
IMF Country Report No. 15/342 Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.