IsDB, Moroccan Government and ONHYM Sign Financing Agreements for Nigeria-Morocco Gas Pipeline Project's FEED Study

At a virtual ceremony held on the 20th of December 2021, the Islamic Development Bank (IsDB), the Government of Morocco and the Office National des Hydrocarbures et des Mines (ONHYM) signed financing agreements for the Nigeria-Morocco Gas Pipeline project's Front-End Engineering Design (FEED) study. Dr Mansur Muhtar, Vice President at IsDB, Nadia Fettah, Minister of Economy and Finance for Morocco and Amina Benkhadra, General Director at ONHYM were the respective signatures.

Why it Matters?

The signatories emphasised the project's critical and strategic role as enhancing energy security in the region, contributing to the economic and social development of the countries crossed and regional economic integration, enhancing world intra-trade and exports...