Africa > West Africa > Niger > Petroleum / Mining

Petroleum / Mining in Niger

  • Africa rejects Europe's 'dirty diesel'

    BOTSWANA, 2017/05/04 Ghana and Nigeria are the first countries to respond to reports of European companies exploiting weak fuel standards in Africa. Stricter limits on the sulfur content of diesel will come into force on July 1. Governments in West Africa are taking action to stop the import of fuel with dangerously high levels of sulfur and other toxins. Much of the so-called "dirty diesel" originates in Europe, according to a report published by Public Eye, a Swiss NGO, last year. The report exposed what Public Eye calls the "illegitimate business" of European oil companies and commodities traders selling low quality fuel to Africa. While European standards prohibit the use of diesel with a sulfur content higher than 10 parts per million (ppm), diesel with as much as 3,000 ppm is regularly exported to Africa.
  • Areva and Niger's uranium fight

    FRANCE, 2016/08/03 At the same time as France began mining uranium ore in the desert of northern Niger in the early 1970s, Arlit was a cluster of miners' huts stranded between the sun-blasted rocks of the Air mountains and the sands of the Sahara. The 1973 OPEC oil embargo changed that. France embraced nuclear power to free itself from reliance on foreign oil and overnight this remote corner of Africa became crucial to its national interests.
  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
  • Frank Timis signing agreement with Government of Niger

    NIGER, 2014/03/10 Numerous mining companies have tried their hands in Africa’s untapped mineral resources, but none have come close enough to ensuring that the people themselves are beneficiaries of the rich assets the continent has to offer, like African Minerals has done. African Minerals’ excellent management has been spearheaded by a man whose passion for Africa’s economic success can only be matched by his philanthropic efforts to make poverty history in communities across Sub-Saharan Africa. Next building the biggest mining project in West Africa: African Minerals in Sierra Leone, with over $3 billion investment ; and Pan-African Minerals in Bukina Faso, with billions of dollars in investment , African Petroleum in Senegal, Gambia, Ivory Coast and SIERRA lEONE, Frank Timis, the Emperor of West African mining resources, has just signed an agreement securing four mining exploration permits in the Republic of Niger.WHICH HOLDS THE LARGEST URANIUM DEPOSITS IN THE WORLD. The Pan-African Niger CompanyLtd signed the agreement with the West African National to search for uranium and related substances on the perimeter allowed: Ouricha 1 and 2, and Tegmert 1 and 2 in the Agadez region.
  • Global gas consumption to increase by 4% in 2013

    BOTSWANA, 2012/12/25 World gas request is projected to reach 3,460.7 billion cubic meters (bcm) in 2013, constituting an increase of 3.6% from 3,341.4 bcm in 2012. North America's gas consumption is estimate to reach 890.3 bcm in 2013, equivalent to 25.7% of world request. It would be followed by Asia & Australia with 720.8 bcm (20.8%), Eastern Europe & the Commonwealth of Independent States with 587.4 bcm (17%), Western Europe with 533 bcm (15.4%), the Middle East with 445.7 bcm (12.9%),
  • Heritage Oil strikes £540m deal to buy into Niger Delta 2012-07-02

    NIGER, 2012/07/02 Tony Buckingham, the multimillionaire former mercenary turned oil tycoon, is likely to see his paper worth soar even higher after his Heritage Oil company announced a $850m (£540m) takeover of Nigerian oil assets. Paul Atherton, Heritage's finance director, said shareholders – the largest of whom is Buckingham – would be "hugely ecstatic" with the deal that will "transform" the FTSE 250 company into a major player in the oil industry.
  • Niger signs MOU with Chad on oil pipeline 2012-07-02

    NIGER, 2012/07/02 Niger has signed an agreement with neighbouring Chad to construct a 600 km (373 miles) pipeline linking it to the Chad-Cameroon pipeline which will enable it to export its crude, Niger’s oil minister said on Friday. Niger is expected to begin operating reserves on four fields at its Agadem bloc by early 2014, and increase its production to 80,000 barrels-per-day of which 60,000 will be exported through the pipeline.