Niger resumes crude oil exports via Benin

Niger resumes crude oil exports via Benin, ending a suspension caused by a political dispute and restoring a flow essential to the regional economy.

Partagez:

Niger has resumed the export of its crude oil through the pipeline linking the Agadem oil field to the port of Benin, after an interruption due to political tensions.
This transport route, supported by investments from the China National Petroleum Corporation (CNPC), is crucial to the Niger economy.
The blockage was caused by political sanctions imposed by the Economic Community of West African States (ECOWAS), creating a dispute between Niamey and Cotonou.
The dispute concerned Niger’s ban on Beninese imports, a direct response to the initial ECOWAS sanctions.
This led to an interruption in Benin’s oil exports, stopping the flow of crude to international markets.
The situation has recently been resolved, allowing a million barrels to be loaded onto the Aura M tanker at the port of Cotonou, en route to China.

Strategic impact on regional markets

The resumption of exports is an important signal for the region’s energy markets.
This pipeline, with a capacity of 90,000 barrels per day, is essential not only for Niger, but also for trade flows in West Africa.
China National Petroleum Corporation, a key investor in this infrastructure, is closely monitoring the situation, knowing that the stability of these exports is crucial to its operations in Africa. The potential impact on diplomatic relations between Niger and Benin remains to be seen.
The restoration of this trade route could ease tensions, but the region remains politically fragile.
The sabotage incident in June, caused by a rebel group in Niger, highlights the continuing risks to this infrastructure.

Outlook for industry players

For energy professionals, the resumption of exports from Niger via Benin underlines the importance of securing infrastructures in high-risk areas.
Investments in politically unstable regions call for heightened vigilance and a detailed understanding of local dynamics.
Market players must also anticipate potential disruptions due to regional tensions.
Future developments in this area will be crucial in assessing the long-term impact on Niger’s oil exports and the region’s economic stability.
Although cooperation between Niger and Benin has resumed, it remains subject to the political and security uncertainties specific to West Africa.

Faced with recurrent shortages, Zambia is reorganising its fuel supply chain, notably issuing licences for operating new tanker trucks and service stations to enhance national energy security and reduce external dependence.
The closure of the Grangemouth refinery has triggered a record increase in UK oil inventories, highlighting growing dependence on imports and an expanding deficit in domestic refining capacity.
Mexco Energy Corporation reports an annual net profit of $1.71mn, up 27%, driven by increased hydrocarbon production despite persistently weak natural gas prices in the Permian Basin.
S&P Global Ratings lowers Ecopetrol's global rating to BB following Colombia's sovereign downgrade, while Moody’s Investors Service confirms the group's Ba1 rating with a stable outlook.
Shell group publicly clarifies it is neither considering discussions nor approaches for a potential takeover of its British rival BP, putting an end to recent media speculation about a possible merger between the two oil giants.
The anticipated increase in the tax deduction rate may encourage independent refineries in Shandong to restart fuel oil imports, compensating for limited crude oil import quotas.
Petro-Victory Energy Corp. starts drilling of the AND-5 well in the Potiguar Basin, Brazil, as the first phase of an operation financed through its strategic partnership with Azevedo & Travassos Energia.
The Texan Port of Corpus Christi has completed major widening and deepening work designed to accommodate more supertankers, thus strengthening its strategic position in the US market for crude oil and liquefied natural gas exports.
BP Prudhoe Bay Royalty Trust is offering its interest in Prudhoe Bay, North America’s largest oil field, as part of its planned dissolution, assisted by RedOaks Energy Advisors for this strategic asset transaction.
CNOOC Limited’s Hong Kong subsidiary and KazMunayGas have concluded a nine-year exploration and production contract covering nine hundred and fifty-eight square kilometres in Kazakhstan, sharing investment and operations equally.
Donald Trump announced that the United States will no longer oppose Chinese purchases of Iranian oil, immediately triggering a drop in global crude oil prices and profoundly reshaping international energy trade partnerships.
Research firm S&P Global Commodity Insights lifts its outlook for the fourth straight year, betting on three point five mn barrels per day from 2025 despite lower prices.
Enbridge plans to expand its infrastructure to increase oil transportation from the American Midwest to the Gulf Coast, anticipating rising exports and addressing current market logistical constraints.
US commercial crude inventories significantly decline by 3.1 million barrels, widely surpassing initial forecasts and immediately pushing international oil prices higher.
The UK could have hydrocarbon reserves twice as large as current official estimates, according to Offshore Energies UK, highlighting the impact of fiscal policies on forecasts and the economic future of the North Sea.
Following US strikes in Iran, international energy companies partially evacuate their teams from Iraq as a precaution, while Lukoil maintains its entire personnel on southern oilfields.
Chinese independent refineries remain cautious amid rising Iranian crude prices driven by escalating Iran-Israel tensions, potentially threatening access to the strategic Strait of Hormuz.
Gazprom, affected by a historic $6.9bn loss in 2023, is offering Pakistani state-owned firm OGDCL its petroleum assets in Nigeria to strengthen its presence in Asia’s energy market, according to Pakistani sources.
Donald Trump urges control of oil prices following U.S. military action against Iranian nuclear facilities, amid escalating tensions around the strategic Strait of Hormuz, threatening to significantly impact global markets.
PermRock Royalty Trust announces a monthly distribution of $539,693 to unit holders, impacted by reduced oil volumes and prices in April, partly offset by increased natural gas sales.