Morocco, OPEC Fund ink deal to provide funding for Nigeria gas pipeline

  • 5/5/2022
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Morocco has signed a deal with the OPEC Fund for International Development to provide funding of $14.3 million for a gas pipeline project that connects the country with Nigeria, according to a Meed report. The agreement for studying the front-end engineering and design of the pipeline project was signed by the Moroccan minister of economy and finance Nadia Fettah, director-general of the OPEC Fund Abdulhamid Alkhalifa, and the general director of Office National des Hydrocarbures et des Mines, Amina Benkhadra. The study is co-financed by the Islamic Development Bank, and it involves finalizing the related technical, financial and legal analysis. The project was launched in 2017, and is expected to operate at a flow rate of 30 billion cubic square meters a year.

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