The Federal Executive Council on Wednesday gave approval to the Nigerian National Petroleum Corporation Ltd to execute a Memorandum of Understanding, MoU, for the construction of the Nigeria-Morocco Gas Pipeline.
The approval was given at meeting of the Council presided over by Vice President Yemi Osinbajo.
Minister of State for Petroleum Resources, Timipre Sylva, who briefed State House correspondents after the meeting, explained that pipeline would take gas to 15 West African Council and to Morocco and from Morocco to Spain and Europe.
“At this moment, we are still at the point of the front end engineering design. It is only after the design of the pipeline that we know exactly what the cost of the pipeline will be,” Sylva said, when asked what the cost implications would be for the partners in the project.
Oil and Gas Park
The Minister said that the cabinet meeting also approved the construction of a switchgear room and installation of power distribution cables and equipment for the Nigeria Oil and Gas Park in Ogbia, Bayelsa State in the sum of N3.8billion.
“This park is to support local manufacturing of components for the oil and gas industry,” he said.
Mr. Sylva said Council also approved various contracts for the construction of an access road with bridges to the Brass Petroleum Product Deport in Inibomoyekiri in Brass Local Government in the sum of N11billion plus 7.5% VAT.
Leave a Reply