Morocco has signed a deal with the OPEC Fund for International Development to provide funding of $14.3 million for a gas pipeline project that connects the country with Nigeria, according to a Meed report.
The agreement for studying the front-end engineering and design of the pipeline project was signed by the Moroccan minister of economy and finance Nadia Fettah, director-general of the OPEC Fund Abdulhamid Alkhalifa, and the general director of Office National des Hydrocarbures et des Mines, Amina Benkhadra.
The study is co-financed by the Islamic Development Bank, and it involves finalizing the related technical, financial and legal analysis.
The project was launched in 2017, and is expected to operate at a flow rate of 30 billion cubic square meters a year.
