BEIJING, July 31 (Reuters) – China, Niger’s second-largest foreign investor after former colonial power France, has in the past two decades ploughed billions of dollars into the landlocked West African nation, mainly for the exploration of oil and uranium.
Since last week’s coup, in which military leaders detained Niger’s President Mohamed Bazoum and established a military government, China says it is closely monitoring the situation, and urges parties in Niger to safeguard stability.
China’s total foreign direct investment (FDI) into Niger stood at $2.68 billion as at the end of 2020, according to the U.S. Embassy in Niger.
Following are China’s main investments in Niger, predominantly by state energy giant PetroChina and national nuclear firm CNNC:
OIL ASSETS
Niger became an oil producer in 2011 when the Agadem oilfield, a joint venture between the government and PetroChina (601857.SS), started production
What China means by safeguarding stability is unclear
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