Displaying items by tag: oil exports

Despite strained diplomatic ties, Benin is hoping for revenue from transit duties and taxes on Nigerien oil passing through Sémè Kraké. The site marks the terminus of a 1,980km pipeline from Niger's Agadem oil fields; oil has started to flow along it, raising hopes for two thousand new jobs in Benin. The pipeline aims to transport 90,000 barrels per day, bolstering Niger's status as a regional oil player. In July 2022 a military coup in Niger disrupted optimism, leading to border closures by Benin in solidarity with ECOWAS sanctions. However, President Talon later eased restrictions to facilitate trade, signalling a desire for improved regional relations, even though Niger's junta has been prioritising ties with Burkina Faso and Mali rather than with Benin. Due to the new pipeline, Niger's oil production is set to rise significantly, with substantial reserves awaiting exploitation.