Bazoum restarts construction of "oil road" to Chadian border
Six years after Chinese group CPE unilaterally suspended construction of the so-called "oil road" between Diffa in north eastern Niger and the border with Chad, work is to resume.
Under-explored and under-developed due to the lack of stability in Libya, two oil basins in the south-west of the country could see their operations resume thanks to the proactive lobbying of the state-owned company NOC.
Savannah now has just a few weeks in which to analyse the ExxonMobil data and make a firm offer on its Doba assets. The junior has been on a shopping spree for new assets of late, taking advantage of the withdrawal of the Western majors and the lack of interest in mature deposits.
Nigerian billionaire Alhaji Dahiru Mangal, who dominates the business sector in the border regions of Nigeria and Niger, is making great efforts to ensure that Mahamadou Issoufou's planned handover to his right-hand man Mohamed Bazoum does not jeopardise his interests in Niamey.