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Nigeria, Morocco sign five agreements on hydrocarbons, agriculture

Nigeria, Morocco sign five agreements on hydrocarbons, agriculture
africabusinesscommunities.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africabusinesscommunities.com Daily Mail and Mail on Sunday newspapers.

Boosting Ammonia, Fertiliser Production for Nigeria Farmers

Boosting Ammonia, Fertiliser Production for Nigeria Farmers
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Agreement signed for development of US$1 4 billion fertilizer plant in Nigeria

Advertisement The Nigeria Sovereign Investment Authority (NSIA), OCP and key operators in the oil and gas value chain have executed five crucial agreements at the Mohamed VI Polytechnic University (UM6P) in Benguerir, Morocco. The agreements are designed to create a clear path for the second phase of the Presidential Fertiliser Initiate as well as the creation and operationalisation of a Multipurpose Industrial Platform (MPI) in Nigeria. The parties to the agreement included the Nigerian National Petroleum Corporation (NNPC), Nigerian Content Development & Monitoring Board (NCDMB), GACN (Gas Aggregation Company Nigeria Limited), Akwa Ibom State Government, the Fertilizer Producers & Suppliers Association of Nigeria (FEPSAN) and Mobil Producing Nigeria

NSIA signs $1 4bn deal with Moroccan investors

Vanguard News NSIA signs $1. 4bn deal with Moroccan investors On     The Nigeria Sovereign Investment Authority (NSIA) has signed an agreement with OCP of Morocco, for the development of a $1.4 billion plant to produce Ammonia and Diammonium Phosphate, under its Gas Industrialization Strategy.   According to the NSIA, “The Multipurpose Industrial Platform Project is a backward integration initiative which builds on the successes of the Presidential Fertilizer Initiative (PFI) and other sovereign bilateral initiatives between Nigeria and Morocco. “The project is structured to commercialize Nigeria’s vast natural gas resources and satisfy Morocco’s demand for cost-competitive Ammonia.” The parties to the agreement included the Nigerian National Petroleum Corporation (NNPC), Nigerian Content Development & Monitoring Board (NCDMB), GACN (Gas Aggregation Company Nigeria Limited), Akwa Ibom State Government, the Fertilizer Producers & Suppliers Association of Nigeria

FG signs $1 4bn gas industrialisation agreement with OCP of Morocco [ARTICLE]

A statement issued on Wednesday in Abuja by Mr Titilope Olubiyi, Communications Officer, Nigeria Sovereign Investment Authority (NSIA) said the agreement was signed in Benguerir, Morocco. The agreement was between the NSIA, OCP, Akwa Ibom State Government, Nigerian National Petroleum Corporation (NNPC), Gas Aggregation Company Nigeria Limited (GACN), Nigerian Content Development and Monitoring Board (NCDMB) and Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN). According to the statement, the project is structured to commercialise Nigeria’s vast natural gas resources and satisfy Morocco’s demand for cost-competitive ammonia. The agreements are designed to create a clear path for the second phase of the Presidential Fertiliser Initiative (PFI) and the creation and operationalisation of a Multipurpose Industrial Platform (MPI) in Nigeria.

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