Niger

Niger

Niger ends sales monopoly of state petroleum products company

28 May 2016

In May 2016, Niger permitted Soraz, a joint venture oil refinery between the Government and China National Petroleum Corp, which owns 60 per cent of the shares, to sell petroleum products, thereby ending a monopoly held by Sonidep, a state oil products company, since 2011. Soraz and Sonidep are thus authorized to jointly export refined products.