National Assembly agreed on transfer of Nigerian oil

The Government seeks the approval of the contract for the transit of crude Diffa by Cameroon from Nigeria.

A draft law of the authorization for the president of the Republic to ratify the agreement between Niger and Cameroon on transit through Cameroonian territory of Niger hydrocarbons (via the pipeline that already serves the Chadian oil fields) was deposited on the table of the National Assembly, last week.

It has been defended by the Minister of Mines, industry and technological development, Emmanuel Bonde, Saturday in his first presentation to the members of the Committee on Foreign Affairs.

The future law text exposes among the grounds that support that: "the implementation of the agreement between Yaoundé and Niamey is beneficial to Cameroon because it allows him to take advantage of its privileged location to promote sub-regional cooperation on oil.

"It is, therefore, no less than a "substantial increase in revenues that will perceive our country, in respect of the right of transit" that has also been revised upward.

The ratification will similarly pave the way, when it will be made in accordance with the convention of the United Nations on the law of the sea and validated by the exchange of instruments that the materialize, to an economic boom increased for Niger.

This West African country has, indeed, put in operation since November 2011, its first oil fields in its eastern part. In the different region where flows the Nigerian crude, it moved away from Chad South from a pipeline to Kribi in Cameroon.

The lack of coastline for Niger, therefore, explains the use of the road already taken by Chad, to export excess production.