Oil production in Niger, which is operated by the China National Petroleum Corporation (CNPC), began in 2011 on the Agadem block in the east, about a hundred kilometres from the Chad border.
What is the global mustard oil market size?
The global mustard oil market is evaluated at US$26.090 billion for the year 2020, which is projected to expand at a CAGR of 3.74%, to reach US$33.737 billion in 2027. Mustard oil is an oil type extracted from mustard seeds. Mustard oil is dominantly used in the food and beverage industry, and pharmaceuticals.
Does CNPC produce oil in Niger?
Sonatrach holds the Kafra block, while UK-based Savannah Energy holds two more blocks. As of December 2023, CNPC is only company producing oil in Niger. Oil is extracted from the Agadem field and transported through an underground 426.5 kilometres (265.0 mi) long pipeline to the Soraz refinery near Zinder.
What is mustard oil?
Mustard oil is an oil type extracted from mustard seeds. Mustard oil is dominantly used in the food and beverage industry, and pharmaceuticals. The market for mustard oil has shown significant growth in the global market. The replacement of sunflower and other oils with mustard oil accounts for this growth.