Niger signs deal to supply Mali with cheaper diesel

March 4, 2020

2 minutes read

Niger signs deal to supply Mali with cheaper diesel

Niger has recently signed a major agreement to supply 150 million liters of diesel to its neighbor Mali. This partnership was finalized on Tuesday and aims to support Mali’s national energy company, Énergie du Mali (EDM-SA), which has been grappling with frequent power outages.

Mali has been experiencing regular power cuts due to EDM-SA’s financial struggles. The company is heavily in debt and has found it difficult to provide a reliable power supply to both the capital, Bamako, and other cities. Under the new deal, Niger will sell diesel to Mali at a significantly reduced rate, nearly 50% lower than the market price. This is expected to bring some relief to the power crisis in Mali.

The agreement was signed between Mali’s junta leader, Colonel Assimi Goïta, and Niger’s oil minister, Mahaman Moustapha Barke. It represents an important step in strengthening ties between the two nations while addressing Mali’s urgent energy needs.

In recent years, Niger has become a growing energy player in the region. Last November, Niger inaugurated a pipeline that will transport crude oil to Benin. This pipeline is part of a broader strategy to increase the country’s oil production and exports. The oil extracted for the pipeline will be managed by the China National Petroleum Corporation, a state-owned enterprise from China.

In February, Niger took further steps to boost its energy partnerships by signing a memorandum of understanding to supply diesel not only to Mali but also to Burkina Faso and Chad, as part of the Alliance of Sahel States. Niger plans to increase its oil production to 110,000 barrels per day, of which 90,000 barrels will be exported to regional partners.

This move signals Niger’s ambition to expand its role in the regional energy market, providing much-needed resources to neighboring countries facing similar energy shortages while boosting its own economic standing in the process.

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

OpenAI ads on ChatGPT

The Free Ride Ends: OpenAI to Launch Ads on ChatGPT for Non-Paying Users

The era of completely interruption-free AI for everyone is officially coming to a close. OpenAI ...

Ukraine EU membership

Brussels Floats “Reversed” Ukraine EU Membership to Secure Peace Deal

The European Commission is exploring a radical departure from tradition to expedite Kyiv’s entry into ...

Chad-Sudan border clash

Seven Soldiers Dead as Chad-Sudan Border Clash Ignites Tensions

Authorities in N’Djamena reported a deadly incursion on Thursday near the city of Tine. Government ...

Senegal debt auction

Rising Yields Hit Senegal as Nation Secures $254 Million in Fresh

The West African nation successfully raised 154 billion CFA francs ($254 million) during a Friday ...

Features

CITIES

Best Places to Live in Nigeria: Top Affordable Cities Under ₦1M for 2026

For young professionals and growing couples in 2026, the primary goal is finding a perfect ...

tech

Mastering 2026 Tech Trends: Best Platforms for African Talent

To capitalize on the rising African tech wave, choosing the right platform is as important ...

TECH

Spotlight: The Rise of African Tech and the Essential Skills for 2026

The narrative surrounding Africa’s technology ecosystem has shifted dramatically. No longer just a story of ...

Countries Aircraft

African Countries with the Largest Military Aircraft Fleets in 2025

Africa’s military aircraft fleets are key for defense, surveillance, and peacekeeping. In 2025, several nations ...

Countries

Top 10 African Countries with Best Salaries in 2025

Africa’s job market is growing fast. In 2025, some countries offer great pay. This list ...

Kanye West

New Documentary Explores Kanye West’s Turbulent Journey

A new documentary, In Whose Name?, directed by Nico Ballesteros, offers an intimate look at ...

japa

Top 9 African Countries Sending Immigrants to the United States

Africa’s influence in the United States continues to expand through immigration. Many individuals from the ...

GOLD_3_6

Top 10 Countries Benefiting from Gold Trading in 2025

Gold trading drives wealth for nations with large reserves. In 2025, countries with significant gold ...

Latest News

Today in History

The "pound" key on your keyboard (#) is called an octotroph.

Exchange Rate Per Dollar

AM Armenian Dram379.9921
GH Ghana Cedi10.8141
GM Gambian Dalasi73.9776
GN Guinea Franc8,756.06
NG Nigerian Naira₦1,420.4
CF CFA Franc BEAC565.1835
18 Jan · CurrencyRate · USD
CurrencyRate.Today
Check: 18 Jan 2026 11:45 UTC
Latest change: 18 Jan 2026 11:39 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?