Coup-hit Niger was betting on a China-backed oil pipeline as a lifeline. Then the troubles began


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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ABUJA, Nigeria (AP) — A China-backed pipeline that would make Niger an oil-exporting country is being threatened by an internal security crisis and a diplomatic dispute with neighoring Benin, both as a result of last year’s coup that toppled the West African nation’s democratic government. The 1,930-kilometer (1,200-mile) pipeline runs from Niger’s Chinese-built Agadem oil field to the port of Cotonou in Benin. It was designed to help the oil-rich but landlocked Niger achieve an almost fivefold increase in oil production through a $400 million deal signed in April with China’s state-run national petroleum company. But it has been stalled...