Government says Niger reserves up

摘要

NIGER EXPECTS OIL reserves in its eastern Agadem oil block could be three times higher than the previous estimate of 300mn barreis, the nation's government has announced. The country has signed a deal worth US$5bn with Chinas CNPC to develop the Agadem block and, after three years of exploration and development, first oil is expected at the beginning of next year. "The outlook is promising. In fact, the number of barreis ... could be doubled or even tripled aecording to our estimates," the government said in a recent Statement read on national television.