Niger stops sales monopoly of state petroleum products company

Niger's oil refinery, Soraz, can begin offering petroleum items, finishing a restraining infrastructure held following 2011 by state oil items organization Sonidep, as per an administration record.


Soraz is a joint endeavor between the administration and China National Petroleum Corp, which possesses 60 percent. It forms nearly 12,000 to 16,000 barrels for every day, offering Niger's exclusive huge scale method for changing unrefined petroleum into petroleum items, for example, gas.

"Soraz and Sonidep are approved to mutually send out refined items. In the wake of addressing household needs, the overabundance generation will be part 50-50 between the organizations," Energy Minister Foumakoye Gado said in a letter to the Minister of Commerce.

The choice was taken after talks in bureau and with the Chinese accomplices and a fare cost would be set every month, said the letter, which was seen by Reuters. A system would be set up to balance an ascent in pump costs.