NNPC, Eni sign pact to fix P/Harcourt refinery, Okpai

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IBE KACHIKWU MINISTER OF PETROLEUM

The Nigerian National Petroleum Corporation (NNPC) and Italian oil giant Eni, through its subsidiaries Nigerian Agip Oil Company (NAOC) and Nigerian Agip Exploration (NAE) have signed a Memorandum of Understanding (MoU) to promote new activities in Nigeria’s energy sector.

Minister of State for Petroleum Resources and Chairman of the Board of the NNPC, Dr. Emmanuel Ibe Kachikwu and the CEO of Eni, Claudio Descalzi, met yesterday in Rome to further strengthen the longstanding partnership in Nigeria, Eni said in a statement posted on its website.

Concerning the refining sector, the parties agreed to cooperate for the rehabilitation and enhancement of Port Harcourt refinery. “Concerning power generation, access to energy will be further enhanced by doubling the power generation capacity in Okpai IPP through the fast track development of its Phase II, making it one of the largest combined cycle power plants in Africa,” the statement said.

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