OPEC Offers $14.3m Funding For Nigeria-Morocco Gas Pipeline

The OPEC Fund for International Development (OPEC) will provide $14.3 million to finance the second phase of the studies in the submarine Nigeria-Morocco gas pipeline project.

Platforms Africa reports according to a statement by the Moroccan Ministry of Finance on Friday that the agreement was signed by the Moroccan Finance and Economy Minister Nadia Fettah and the General Director of the OPEC Fund, Abdulhamid Alkhalifa.

This gas pipeline project would, according to data compiled by Platforms Africa,cover 7,000 km long through 13 West African countries, and extend to Europe

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The Australian company WorleyParsons announced Wednesday in a statement that it has been awarded the second phase of the studies, which is progressing in accordance with the initial project planning.

In January, the Islamic Development Bank has signed an agreement with Morocco to provide $15.45 million to the Nigeria-Morocco gas pipeline studies.

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