First Niger Oil Bound for China Blocked in West Africa Border Row

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.

” 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.

Geopolitics Coup Uranium Oil China Oil Exports

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