SONIDEP explained

Société Nigérienne des Produits Pétroliers
Type:State-owned
Location City:Niamey
Location Country:Niger
Key People:Hamidou Sekou (President)
Industry:oil industry
Products:petroleum products
Revenue:$183,265,000 (2007)[1]
Num Employees:154

SONIDEP (French: '''Société Nigérienne des Produits Pétroliers''', literally: Nigerien Petroleum Products Company) is a parastatal corporation in Niger. Founded by government decree in 1977, SONIDEP is responsible for the importation, transportation, storage, refining and marketing of petroleum products in Niger.[2] [3] It operates retail sales stations for automobiles and fuel oil throughout the nation.

Recently, the government of Niger has considered privatizing SONIDEP, with the assistance of the World Bank,[4] but the company has remained state-owned due to a lack of interest among investors,[5] and plans for privatization are now "on hold indefinitely."[6]

The capital of SONIDEP, 1 billion CFA francs, is wholly owned by the Nigerien state. The organization formerly placed under the supervision of the Minister of Commerce was placed under the supervision of the Minister of Petroleum during a Council of Ministers dated March 13, 2020.[7]

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Notes and References

  1. Graham & Whiteside, Ltd. The Major Companies Database
  2. http://www.sonidep.com/historiques.htm History
  3. http://www.sonidep.com/anniversaire.html Spécial 30 ème anniversaire de la SONIDEP
  4. Web site: Republic of Niger: Second Public Expenditure Adjustment Credit.
  5. News: Authorities in Niger Sign Power Supply Deal with China . Nana Adu Ampofo . World Markets Research Centre.
  6. Web site: Niger Economy.
  7. Web site: COMMUNIQUE DU CONSEIL DES MINISTRES DU VENDREDI 13 MARS 2020 . 2022-08-03 . Présidence de la République du Niger . fr-FR.