Canada’s Zimar to build US$2 billion complex in Niger, RTN says

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeCommoditiesEnergyCanada’s Zimar to build US$2 billion complex in Niger, RTN saysThe industrial energy company will build the energy infrastructure in the southwestern city of DossoAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Crude oil leaks from an oil pumping jack in an oil field Russia. Photo by Andrey Rudakov/BloombergCanadian industrial energy company Zimar Inc. will build a refinery and a petrochemical complex in Niger with an estimated output of 100,000 barrels a day, state-run Radio Television du Niger reported.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Account“The estimated cost of the project is US$1.9 billion,” Foreign Minister Bakary Sangaré told state-run Radio Television du Niger following the signing in Niger’s capital Niamey on Saturday. “The agreement takes effect upon signature, and its total term is set at 16 years, comprising three years of construction and 13 years of operation.”Zimar will build the energy infrastructure in the southwestern city of Dosso, Niger, and will hand it over to the state after the 13 years of operation as part of the agreement, the report said.The deal comes nearly two years after an initial signing in October 2024, as Niger ordered a review of the agreement and revisions, Sangaré told the state news outlet.Niger has been ramping up efforts to harness its oil potential. This week, it launched joint drilling with Algeria on the Kafra oil block in Agadez, near the border with the North African country.On Friday, with the help of Algerian energy giant Sonatrach SpA, Niger loaded its first cargo of Meleck crude oil from Sèmè oil terminal in Benin, Algeria’s state-run news agency Algeria Press Service reported.Niger, according to authorities, holds reserves estimated at approximately three billion barrels.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.