📯🛢️🇳🇪Niger will soon become an oil exporter after the commissioning of the longest oil pipeline in the whole Africa, reaching 🇧🇯Benin's Port of Seme.
The project has been realised with the support of🇨🇳China amid international sanctions vs🇳🇪in the aftermath of the recent coup
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The new🇳🇪🇧🇯oil pipeline will connect the Agadem Rift Basin oil field with Port of Some on the Gulf of Guinea, stretching for 2,000 km and with a 90,000 barrels per day of capacity.
This will transform Niger into a significant regional oil producer and exporter.
The pipeline plan
has been approved in 2019 and aims to exploit the 1 billion barrel of oil reserves, as stated by the African Petroleum Producers' Organization.
According to🇳🇪authorities, reserves could be double this amount, leaving decades ahead to exploit oil production and exports in one of
the poorest country in the world.
According to the🇳🇪head of the oil refining sector, oil production could generate a "quarter of the country's GDP" and about 50% of Niger's tax revenue, compared to a very modest amount today.
The country is also hosting a little refinery with
around 20,000 bpd capacity.
The country's leader, general Tiani, who ousted the democratically elected Bazoum last July, says that🇳🇪 wants to refine crude "on Nigerien soil" and moving up the value-chain of the global market, looking at natural resources for supporting🇳🇪growth
During the pipeline's commissioning ceremony🇳🇪PM Ali Mahaman Lamine Zeine emphasised that the resources would be pivotal in "ensuring the sovereignty and development of our country."
All this happens in the face of ECOWAS sanctions vs🇳🇪Niger after the coup and the same border
with🇧🇯Benin is today closed.
In a show of solidarity and countering the international isolation of🇳🇪, under🇺🇸🇪🇺US & EU Western sanctions, energy ministers from🇲🇱Mali and🇧🇫Burkina Faso attended the ceremony.
Both have witnessed military coups deposing Western-aligned governments.
They cultivate closer ties with both🇷🇺Russia &🇨🇳China.
Just over a week ago,🇳🇪general Tiani received the🇷🇺 deputy defence minister Yunus-bek Yevkurov, with full honours, announcing strengthening of defence cooperation.
🇫🇷French troops just left the country lemonde.fr/en/le-monde-af…
The estimates of🇨🇳China's state-owned CNPC investments in the exploitation of the Agadem Rift Basin and the🇳🇪🇧🇯Niger-Benin pipeline construction are around $6 billion.
According to🇳🇪Tiani, Niger will get a quarter of the oil export volumes, while the rest is likely to be used to
repay Beijing of its very risky investment in a chronically unstable region of Africa.
Around a thousand troops have been located to defend the pipeline from attacks of militants and islamists, but the security efforts will need to be proved over the long-term.
🌅Paradoxically, while #COP28UAE discusses the phase-out of fossil fuels and the negotiations for a final communiqué will be hardly fought between parties, a new African oil producer rises.
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📯🇳🇴Norway's investments in Oil & Gas will reach a new high in 2024 to almost $22 billion.
A nearly 5% increase compared to 2023.
🇳🇴expects to find more resources in its offshore, including in the Arctic Barents Sea, while it seeks more coordination with🇪🇺EU on gas exports
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According to Offshore Norway, investments in the🇳🇴Norwegian offshore will be up nearly 5% compared to 2023 & almost 20% higher than previous estimates.
This is due to new upstream developments and the expansion of operating fields, other than a weak currency and high inflation
In the aftermath of the🇷🇺Russian invasion of🇺🇦Ukraine and the crumbling of the bilateral gas interdependence,🇳🇴Norway has become the largest exporter of gas to the🇪🇺EU and a key actor in stabilising the🇪🇺EU energy markets.
🇳🇴Oslo has promised to the🇪🇺EU to keep exports
🚨🇾🇪Yemen's Houthi forces claim to have forced a ship sailing to🇮🇱Israel to turn back, and are now threatening all ships crossing the Bab el-Mandeb Strait.
🇺🇸US is considering targeting Houthi forces, preventing further attacks.
A part of the regional escalation of🇮🇱-Hamas War
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The Houthis deputy foreign minister Hussein al-Ezzi said that the group has “forced a ship sailing towards occupied Palestine to change its direction and sail back.”
The event is just the last of a long series of attacks to🇮🇱-linked ships sailing through the
Red Sea, Gulf of Aden and along the🇾🇪coasts over the last weeks.
The attackers have seized several ships, including bulk carriers and petrochemical tankers. They have even used ballistic missiles and drones to attack commercial vessels and damage some of these ships.
🚨According to🇫🇮Finland's Minister of European Affairs Anders Adlercreutz says that the disruption of the🇪🇪🇫🇮Balticconnector gas pipeline was "intentional." The🇨🇳China's container ship NewnewPolar Bear dragged its anchor for "hundreds of kilometers" across the Baltic Sea bed
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🇫🇮minister Adlercreutz has even speculated an involvement of🇨🇳Chinese authorities, stating "If I as a captain would have done something that the Chinese government wouldn't approve of, then I would be concerned about returning with my boat to China."
The🇪🇪Estonian Defense Minister Hanno Pevkur reinforced the message, suggesting that the Newnew Polar Bear's captain surely "understood that there was something wrong"
🤯 This is top notch governmental conspiracism
🚨Now🇪🇪🇫🇮want to increase the security of the Baltic Sea
📯🛢️🇧🇷Brazil will become an OPEC+ member from 2024.
A huge political shift for the largest oil producer in Latin America, now aiming to be recognised as an oil superpower in the next decades.
Does this make the🇷🇺🇸🇦Russia-Saudi Arabia OPEC+ entente a stronger alliance?
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Yesterday, the Opec+ members agreed to make additional voluntary cuts to oil production across 2024, but received a skeptical welcome from the market.🛢️oil prices are barely above the $80/barrel.
Instead, the real news is that🇧🇷will become an alliance member from January 2024
According to the🇧🇷Brazilian Minister of Mines and Energy Alexandre Silveira de Oliveira this is an "historic moment for Brazil and the energy industry."
Opec approached several times🇧🇷and in October, before the last OPEC+ meeting, a delegation visited the country
🚨🇻🇪Venezuela could launch an invasion of🇬🇾Guyana's oil-rich Essequibo area after a referendum on annexation to be held on Sunday.
🇬🇾is the rising star of the #Oil market
🇻🇪a fading superstar
🛢️Latin America is getting closer to a energy war with global implications
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According to🇧🇷Brazil's authorities, the🇨🇴Bolivarian Armed Forces have moved close to the Northern borders with🇬🇾Essequibo region.
🇧🇷President Lula da Silva has bolstered the defense positions along the border with both countries as a defensive measure.
🇨🇴Venezuela wants to reclaim what it considers to be its stolen patrimony. Caracas refers to the disputed area as "Guayana Esequiba" or "zona en reclamación".
🇨🇴Bolivarian Armed Forces plus police have mobilised nearly 500,000 men for the Sunday referendum on annexation
📯🇮🇹Italy and🇩🇪Germany are deepening the bilateral energy cooperation, hinting to the construction of new gas and H2 pipeline.
Berlin supports in full Rome's strategy of becoming an energy hub at the centre of the Mediterranean Sea & an energy hinge between the🇪🇺EU &🌍Africa
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During the last G20 in Berlin,🇮🇹Meloni and🇩🇪Scholz met on the sidelines of the Summit for the first intergovernmental meeting in seven years.
Hard to believe two of the largest economies in🇪🇺did not have an extensive bilateral political coordination during these crucial years
Nevertheless, the meeting highlighted 5 major cooperation areas, including:
Economy
Innovation and social cohesion
European agenda and migration
Foreign policy and defence
and naturally
Energy, climate and environment