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Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday.
“This signature demonstrates the friendship … and fruitful cooperation between the two states,” Chinese ambassador Jiang Feng said.
An export pipeline project backed by CNPC subsidiary PetroChina was officially launched last November, linking the Agadem oilfield to the port of Cotonou in neighbouring Benin.
Peoplesmind
