The Minister of State for Petroleum Resources, Ibe Kachikwu and CEO of Eni (Italian Oil And Gas Company), Claudio Descalzi met on Monday, 23rd of January in Rome, Italy. They met to further strengthen the firm’s partnership with Nigeria.
According to the CEO of the oil and gas company, he made a deal that will help double power generation in its Okpia plant in Delta state, with Kachikwu, who is also the chairman of the board of the Nigerian National Petroleum Corporation (NNPC).
He stated that, “NNPC and Eni, through its subsidiaries Nigerian Agip Oil Company (NAOC) and Nigerian Agip Exploration (NAE), signed a Memorandum of Understanding (MoU) to promote new activities that can significantly boost Nigeria’s social and economic development,
“Regarding the upstream sector, oil and gas production operations will intensify with an increased focus on development and exploration activities in the onshore, offshore and Ultra Deep Water operated areas.
He added that, “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 memorandum also sets the basis for the assessment of the electrical national grid reliability and of most efficient renewable energy projects, to secure energy accessibility in the country’s most remote areas.