Browsing: Nigeria

He noted that, “Currently, about 12 million litres of diesel are consumed daily in Nigeria. Blending with the stipulated 20 per cent biofuel means that the country needs 2.4 million litres of biodiesel daily or 876 million litres annually to successfully implement the agreement.

“The Trans-African Pipeline will improve access to energy across West Africa … helping address one of the region’s most significant barriers to development … (and) will strengthen energy exports to Europe, linking Nigerian gas to the European energy market through Morocco,” the statement said.

On Nigeria’s expectations about the oil price, Kachikwu said, “We are hoping to do better. We are hoping to get closer to $60 towards the latter part of Quarter 1. If the momentum that we see today keeps up and if the parties remain disciplined to the course that they have committed to.”