Breakthrough in Energy Collaboration: UAE to Co-Fund $25bn Nigeria-Morocco Pipeline — Akelicious

Breakthrough in Energy Collaboration: UAE to Co-Fund $25bn Nigeria-Morocco Pipeline — Akelicious

The United Arab Emirates has agreed to contribute to a huge gas pipeline project that will connect Nigeria to Morocco and eventually reach Europe. Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, told lawmakers on Tuesday that the UAE is now one of the supporters of the project, which is estimated to cost $25 billion. “As for finance. The project has won the support of IDB, OPEC Fund, EIB and the UAE,” she said.…

UAE Backs $25 Billion Nigeria-Morocco Gas Pipeline Amid Rising Global Interest

The United Arab Emirates has officially joined the expanding list of international supporters of the $25 billion Nigeria-Morocco gas pipeline, strengthening its involvement in major energy infrastructure projects throughout Africa. Leila Benali, Moroccan Minister of Energy, has revealed that the UAE is one of the major contributors to the enormous pipeline development. The Islamic Development Bank (IDB), OPEC Fund, and European Investment Bank (…