FT News Briefing Niger’s first oil exports
May 20, 2024
A helicopter crash involving Iran’s president makes headlines, hinting at regional instability. Niger is on the brink of becoming a significant oil player through a transformative $5 billion pipeline to Benin, raising hopes for economic growth despite ongoing challenges. Meanwhile, the unraveling of UN oversight on North Korean sanctions sparks concerns about nuclear proliferation, especially with Russia's role in the disbandment. It's a captivating mix of geopolitics and economic ambition.
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Niger's First Oil Exports Hindered
- Niger can now export crude oil for the first time due to a new pipeline to Benin.
- A border dispute with Benin is halting oil flow, despite Niger needing Benin's ports.
Russia Disbands North Korea Sanctions Panel
- Russia disbanded a UN panel monitoring North Korea sanctions after North Korea supplied Russia with weapons.
- This is a breach of sanctions, and Russia's payments to North Korea also violate them.