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Nairaland Forum / Nairaland / General / Business / Italy Oil Firm, ENI To Repair Port Harcourt Refinery (13922 Views)
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Italy Oil Firm, ENI To Repair Port Harcourt Refinery by zinachidi(m): 6:21am On Jan 24, 2017 |
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/ 2 Likes
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Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Osinitu(m): 6:32am On Jan 24, 2017 |
zinachidi:This is a great news.....I'll love to get the subcontractors on this project. Modified* ftc on this.....this is a good sign |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Nobody: 6:38am On Jan 24, 2017 |
NOISE 10 Likes |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Firefire(m): 6:43am On Jan 24, 2017 |
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. 24 Likes 3 Shares |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by softmind24: 6:43am On Jan 24, 2017 |
1 Like |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Lukmann1: 6:43am On Jan 24, 2017 |
They will said they want to repaired refinery but still go and imported oil from other country. Liars. 10 Likes |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by martinex96: 6:44am On Jan 24, 2017 |
After repair what's next |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by FearFactor1: 6:44am On Jan 24, 2017 |
Singing They wan tell us another story again by Tu Face. 12 Likes |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by jiinxed: 6:44am On Jan 24, 2017 |
For free? Abi is this another episode of tales by moonlight by buhari's wonderful administration? 8 Likes 1 Share |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by hemucology(m): 6:45am On Jan 24, 2017 |
Good
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Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by adioolayi(m): 6:45am On Jan 24, 2017 |
Anticorruption:Use ear muffs 1 Like |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Jchi9876: 6:45am On Jan 24, 2017 |
Who is ENI? Is it Enitan Ajisebutu Igbo? Did she reduce price of oil to N10 per litre? 1 Like 2 Shares |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by PresidentAtiku(m): 6:45am On Jan 24, 2017 |
Kachichukwu said the refineries were working few months after the inauguration of this government. Let's be truthful 5 Likes |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by onnenka: 6:45am On Jan 24, 2017 |
To |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Pesuzok(m): 6:46am On Jan 24, 2017 |
Anticorruption: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 6 Likes 1 Share |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by KVC1970: 6:46am On Jan 24, 2017 |
Good one |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Osinitu(m): 6:48am On Jan 24, 2017 |
Pesuzok:Exactly. Actually, they've been pursuing this for some months now. 2 Likes |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by adebayo201: 6:49am On Jan 24, 2017 |
liar liar i love this movie 1 Like |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by africanusvu(m): 6:50am On Jan 24, 2017 |
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!!! 10 Likes 1 Share |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by emmanuel596(m): 6:51am On Jan 24, 2017 |
Lukmann1: Wow... And maybe you are a graduate oooo 13 Likes |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Nobody: 6:51am On Jan 24, 2017 |
If we don't do it, someone else will. 1 Like |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by ItzHoludex(m): 6:51am On Jan 24, 2017 |
good |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Flets: 6:53am On Jan 24, 2017 |
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. 1 Like |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by SexyNairalander: 6:55am On Jan 24, 2017 |
booked |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by femolacqua(m): 6:56am On Jan 24, 2017 |
So? |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by GentleYoung(m): 6:58am On Jan 24, 2017 |
Lukmann1: I'm not familiar with this your language. 7 Likes |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by overall90: 6:58am On Jan 24, 2017 |
G |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by magabounce(m): 6:59am On Jan 24, 2017 |
Italy wey Europe de fear coz of dia wurueuru!!! Isoorai!!! |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by emmabest2000(m): 7:02am On Jan 24, 2017 |
Flets: You're danm correct 6 Likes 3 Shares
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Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by banki(m): 7:02am On Jan 24, 2017 |
Flets: 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.... 6 Likes |
Re: Italy Oil Firm, ENI To Repair Port Harcourt Refinery by Nobody: 7:02am On Jan 24, 2017 |
africanusvu:how many repairs my brother.. Just wat I thought oo 3 Likes |
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