Plans are underway by the Italy-owned
international oil company, ENI, to refurbish the
Port Harcourt refinery. In a Memorandum of Understanding (MoU)
signed by the oil firm and the Nigerian National
Petroleum Corporation (NNPC) in Rome, Italy,
yesterday, the company would also build the
phase two of the Okpai Power Plant. A statement by the Director, Press, Ministry of
Petroleum, Idang Alibi, quoted the Minister of
State for Petroleum Resources, Dr. Ibe Kachikwu,
who is in Rome, as urging international oil
Companies (IoCs) to invest in building refineries
in Nigeria.


Speaking at a presentation to top executives of
ENI in Rome, Italy, Kachikwu enjoined the group
to move beyond just the business of crude
exploration to firmly supporting the vision of
enhancing local production of petroleum
products in Nigeria by building refineries in the country. The minister stated that the major plan of the
Federal Government is to stop importation of
petroleum products in the long term and that it
would be expedient that every IoC should invest
in building a refinery with a chain of
distributions. Kachikwu assured that if IoCs build refineries
within a short period of time, investment in the
venture could be recouped by direct sales model. He explained that the government desires to
upgrade old refineries and build new ones, thus
increasing local production capacity with an
objective to reduce importation of petroleum
products by 60 per cent in 2018, and by 2019 to
become a net exporter of petroleum products and value-added petrochemicals.


In continuation of the ongoing investment drive
in Italy, Kachikwu would also be meeting the
Ministers of Foreign Affairs and Economic
Development of Italy to formalise the new trend
of cooperation between oil majors and Nigeria.

http://t.guardian.ng/news/italy-oil-firm-eni-to-repair-port-harcourt-refinery/

zinachidi:
Plans are underway by the Italy-owned
international oil company, ENI, to refurbish the
Port Harcourt refinery. In a Memorandum of Understanding (MoU)
signed by the oil firm and the Nigerian National
Petroleum Corporation (NNPC) in Rome, Italy,
yesterday, the company would also build the
phase two of the Okpai Power Plant. A statement by the Director, Press, Ministry of
Petroleum, Idang Alibi, quoted the Minister of
State for Petroleum Resources, Dr. Ibe Kachikwu,
who is in Rome, as urging international oil
Companies (IoCs) to invest in building refineries
in Nigeria.


Speaking at a presentation to top executives of
ENI in Rome, Italy, Kachikwu enjoined the group
to move beyond just the business of crude
exploration to firmly supporting the vision of
enhancing local production of petroleum
products in Nigeria by building refineries in the country. The minister stated that the major plan of the
Federal Government is to stop importation of
petroleum products in the long term and that it
would be expedient that every IoC should invest
in building a refinery with a chain of
distributions. Kachikwu assured that if IoCs build refineries
within a short period of time, investment in the
venture could be recouped by direct sales model. He explained that the government desires to
upgrade old refineries and build new ones, thus
increasing local production capacity with an
objective to reduce importation of petroleum
products by 60 per cent in 2018, and by 2019 to
become a net exporter of petroleum products and value-added petrochemicals.


In continuation of the ongoing investment drive
in Italy, Kachikwu would also be meeting the
Ministers of Foreign Affairs and Economic
Development of Italy to formalise the new trend
of cooperation between oil majors and Nigeria.


Cc: lalasticlala

This is a great news.....I'll love to get the subcontractors on this project.

Modified* ftc on this.....this is a good sign

NOISE

Plan, will, to do, to carry out.

When will this useless government stop disturbing us with future tenses?

All Nigerians needs now is outcome of actions and not mere thoughts.

Useless administration in the history of Niger-Area.

After repair what's next

Singing They wan tell us another story again by Tu Face.

For free? Abi is this another episode of tales by moonlight by buhari's wonderful administration?

Good

Anticorruption:
NOISE

Use ear muffs

Who is ENI? Is it Enitan Ajisebutu Igbo?

Did she reduce price of oil to N10 per litre?

Kachichukwu said the refineries were working few months after the inauguration of this government.

Let's be truthful

To

Anticorruption:
NOISE

Every thing is not noise bro. ENI is to build 1000MW power plant in okpai. People interested in job or being a supplier ought to search for more information about every news

Good one

Pesuzok:

Every thing is not noise bro. ENI is to build 1000MW power plant in okpai

Exactly. Actually, they've been pursuing this for some months now.

liar liar

i love this movie

WHAAAT!! Repair PH refinery again? hw many repair of this refinery since last 3yrs yet it avnt workd.and we ar repairing again? wallahi ,Allah,these Biafra agitators may be right.these nation looks like a BIG ZOOOOO!!!

Lukmann1:
They will said they want to repaired refinery but still go and imported oil from other country. Liars.

Wow... And maybe you are a graduate oooo

If we don't do it, someone else will.

good

Looting for 2019 election continues.

Nigerian Government have no business running business... Be it refinery, airline, railways, NEPA etc. They have continuously failed... They should stop wasting our money.

So?

Lukmann1:
They will said they want to repaired refinery but still go and imported oil from other country. Liars.

I'm not familiar with this your language.

G

Italy wey Europe de fear coz of dia wurueuru!!!
Isoorai!!!

Flets:
Looting for 2019 election continues.

Nigerian Government have no business running business... Be it refinery, airline, railways, NEPA etc. They have continuously failed... They should stop wasting our money.

You're danm correct

Flets:
Looting for 2019 election continues.

Nigerian Government have no business running business... Be it refinery, airline, railways, NEPA etc. They have continuously failed... They should stop wasting our money.

They Dont do it....you complain
They do it ..you complain
They tried to fix the refinary sunk in plenty money but Nigerians ensured it didn't see the light of day....

africanusvu:
WHAAAT!! Repair PH refinery again? hw many repair of this refinery since last 3yrs yet it avnt workd.and we ar repairing again? wallahi ,Allah,these Biafra agitators may be right.these nation looks like a BIG ZOOOOO!!!

how many repairs my brother.. Just wat I thought oo