Gazprom Operations in Niger

In 2011 Gazprombank (part of the Gazprom group) began exploring the uranium reserves and oil reserves of Niger after it was awarded mining licences for two mining blocks in the northern Agadez region (Toulouk 2 and Toulouk 4). A government statement reported that officials expected exploration work on each permit to average US$ 5 million, and guaranteed that should commercial quantities of uranium be developed the government of Niger will be granted a 20 percent stake in the resultant mining operation. Gazprombank's oil and uranium exploration was due to take place initially between 2011 and 2014.

=References=