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First Niger Oil Bound for China Blocked in West Africa Border Dispute
Posted on 5/9/24 at 1:26 pm
Posted on 5/9/24 at 1:26 pm
quote:
The West African nation of Benin has blocked China’s first shipment of crude oil from Niger amid an ongoing border dispute with Niger following a coup that has put a military junta in power and shaken relations with other African nations.
China’s first imports of crude oil from Niger’s military junta arrived in Benin in three vessels but were prevented by the authorities from docking at the port.
“If you want to load your oil in our waters, you can’t view Benin as an enemy and at the same time expect your oil to cross our territory,” Benin’s President, Patrice Talon said in a statement carried by Business Insider Africa. “We’re open to working with Niger. They’re the ones that refused to allow trucks to cross.”
The oil bound for China was part of a $400-million commodity-backed loan from China National Petroleum Corp, which Niger’s military junta agreed to at a 7% interest rate and repayment in oil for a period of 12 months, as reported by Bloomberg. Additionally, CNPC has invested some $4.6 billion in Niger’s oil industry, including the construction of a 1,200-mile pipeline transporting crude oil from Niger to Benin. The pipeline was set to begin shipping 90,000 bpd in May and up to 110,000 bpd at full capacity.
The deal has been disrupted by the coup in Niger last July in which the military junta seized power and closed its land border with Benin, which in turn slapped sanctions on Niger. Those sanctions have been lifted; however, Niger has kept the land border with Benin closed, and the latest oil shipment bound for China is now a bargaining chip. As of the time of writing, Niger’s junta has not responded to Benin’s statements.
LINK
We’re going to see more and more of this, I think, as these developing countries start trying to get into the oil production and export game in order to improve conditions within their borders. See the Venezuela and Guyana dispute.
Though I can’t say I’m heartbroken to see China hit a few roadblocks to gaining more oil imports.
Posted on 5/9/24 at 1:27 pm to ragincajun03
I read this wrong at first
Posted on 5/9/24 at 1:29 pm to ragincajun03
Dave Chappelle will have a field day with this.
Posted on 5/9/24 at 1:32 pm to ragincajun03
quote:
“If you want to load your oil in our waters, you can’t view Benin as an enemy and at the same time expect your oil to cross our territory,”
I can't say he is wrong.
Posted on 5/9/24 at 2:11 pm to ragincajun03
quote:
LINK
We’re going to see more and more of this, I think, as these developing countries start trying to get into the oil production and export game in order to improve conditions within their borders. See the Venezuela and Guyana dispute.
Though I can’t say I’m heartbroken to see China hit a few roadblocks to gaining more oil imports.
China plays checkers
US plays chess.
That isnt the only location they will have trouble moving oil either. Let them buy up all the land they want. Create pen to paper laws and educate the locals.
Posted on 5/9/24 at 2:20 pm to jizzle6609
herkermer homolka doing work I'm sure.
Posted on 5/9/24 at 2:24 pm to ragincajun03
quote:
part of a $400-million commodity-backed loan from China National Petroleum Cor
China will own Niger in a couple years
Posted on 5/9/24 at 2:26 pm to bad93ex
quote:
China will own Niger in a couple years
Doubtful. Africa always wins. It's all fun and games until the machetes come out.
Posted on 5/9/24 at 2:26 pm to UnitedFruitCompany
Incredible post. Homolka is the anti-hero we didn't know we needed.
Posted on 5/9/24 at 2:28 pm to bad93ex
quote:
China will own Niger in a couple years
WIll not happen.
Posted on 5/9/24 at 2:29 pm to bad93ex
quote:
China will own Niger in a couple years
They are already starting to own a lot of Africa. They basically taking over that continent.
And they are like western imperial powers were 200 years ago: They don't give a frick what anyone else thinks of them
Posted on 5/9/24 at 2:30 pm to ragincajun03
quote:
See the Venezuela and Guyana dispute
I do agree with you overall, but these 2 situations are vastly different. Benin wants Niger to open its border to trade. Meanwhile, Benin is Niger's only path to get their oil to the market. Benin holds most of the cards in that situation.
Venezuela is just trying to be a bully and steal a big chuck of land from Guyana. They are jealous because Guyana figured out how to capitalize on their huge oil reserves, and are raking in money.
Posted on 5/9/24 at 2:31 pm to Fun Bunch
quote:
They are already starting to own a lot of Africa. They basically taking over that continent.
And they are like western imperial powers were 200 years ago: They don't give a frick what anyone else thinks of them
We learned, they are about to.
Posted on 5/9/24 at 2:34 pm to Specktricity
quote:
Venezuela is just trying to be a bully and steal a big chuck of land from Guyana. They are jealous because Guyana figured out how to capitalize on their huge oil reserves, and are raking in money.
100% accurate.
Guyana is running a nice oil boom with only 750K of population.
Posted on 5/9/24 at 2:35 pm to ragincajun03
Is that oil used in making Brazil nut butter?
Posted on 5/9/24 at 2:52 pm to SidetrackSilvera
Lol that whole first part after they land in Africa is totally what's happening over there right now.
Monroe : They just blew up the president's car.
Eddie : That was the president's car? Did they get him?
Monroe : That's the bad news: no, they didn't.
Monroe : When these little African countries get into a dispute, they tend to just murder everybody. They live for the opportunity to settle scores... and they have a lot of scores to settle.
Monroe : They just blew up the president's car.
Eddie : That was the president's car? Did they get him?
Monroe : That's the bad news: no, they didn't.
Monroe : When these little African countries get into a dispute, they tend to just murder everybody. They live for the opportunity to settle scores... and they have a lot of scores to settle.
Posted on 5/9/24 at 2:52 pm to SidetrackSilvera
Lol that whole first part after they land in Africa is totally what's happening over there right now.
Monroe : They just blew up the president's car.
Eddie : That was the president's car? Did they get him?
Monroe : That's the bad news: no, they didn't.
Monroe : When these little African countries get into a dispute, they tend to just murder everybody. They live for the opportunity to settle scores... and they have a lot of scores to settle.
Monroe : They just blew up the president's car.
Eddie : That was the president's car? Did they get him?
Monroe : That's the bad news: no, they didn't.
Monroe : When these little African countries get into a dispute, they tend to just murder everybody. They live for the opportunity to settle scores... and they have a lot of scores to settle.
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