A map of the Sahel region showing where Al Qaeda operates (AFP/Graphic)
Posted on 12/03/2011 10:15:03 PM PST by SunkenCiv
Niger officially became an oil producer Monday with the opening of a refinery run by the state and a Chinese company.
Niger's President Mahamadou Issoufou and China National Petroleum Corporation boss Jiang Jiemin cut the red ribbon at the new plant at Olelewa in the east, near the country's second city Zinder...
Energy Minister Foumakoye Gado said locally produced fuel will be sold at the pump starting Thursday at a price of 570 CFA francs (0.86 euro cents) per litre of petrol -- down from the current 679 CFA francs (1.02 euros).
The price of diesel will drop to 577 CFA francs from 655 CFA francs.
Long considered unprofitable by Western prospectors, the extraction of crude oil started in September in Agadem in the Niger desert, from where it is piped to Olelewa some 460 kilometres (290 miles) away for refining.
Niger expects to produce about 20,000 barrels of fuel a day, initially just for the local market.
Oil reserves in Niger, one of the world's poorest countries despite being a top uranium producer, are estimated at 480 million barrels...
Since 2006, China has reinforced its economic ties with the former French colony, helping it tap its vast uranium wealth in the northern Agadez region.
Agadez is under threat from Al-Qaeda in the Islamic Maghreb (AQIM), which is holding four hostages abducted from a site there of French nuclear energy giant Areva in September last year.
A map of the Sahel region showing where Al Qaeda operates (AFP/Graphic)
There was a young lady of Niger...
Wow! Niger did something that the US cannot do; open an oil refinery!
The environuts have prevented a new one here for decades.
Niger, please. You ain’t no producer.
Great. Another third world cesspool we will have to kiss the ass of and defend because we are not allowed to drill here.
We won’t have to do that, provided we don’t permit the jihadists to take over.
Total reserves 480 million barrels — if we pumped it all, we’d burn that up in less than a year. :’)
I have recently come into possession of an oil refinery in the country of Niger.
By the laws of my country, I am technically only allowed to own a small percentage of the refinery (25%), so I am being forced to make available shares of this plant to other investors, which are also very special people of your high caliber. If you are quick to act, you will be allowed to purchase upto 25% of the refinery for a very paltry sum of $1000. You do not even need to send that to me, as I will deduct it from your first month's profit-sharing check...which should be in the hundreds of thousands of dollars (USD).
In order for you to take advantage of this great, millionaire-making opportunity, you would please send me your banking information so I can set up direct deposits of the future proceeds.
Your reputation and intelligence in affairs of business are world reknown. I am sure you will want to take advantage of this offer. If I do not hear from you in the next 48 hours, unfortunately, I will have to offer the chance to another individual.
Also, please do not confuse Niger with that awful country, Nigeria. There are nothing but thieves and brigands in that country, quick to take advantage of the unsuspecting. We Sir, are of high moral fiber, and love liberty and justice for all.
The most wonderful (and future profitable) regards,
Amin Hotto Umgawa, Esquire
...some ChiCom did say would oblige her...
so that's what, still $4-$5 a gallon???
LOL
Must be something like that, but the money would stay in the pockets of the local corrupt officials instead of going to OPEC. :’)
yup... the locals will not benefit from it in the least
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