ENI Completes Site Selection for New Refinery in Nigeria
January 26 2018 - 11:05AM
Dow Jones News
By Obafemi Oredein
IBADAN, Nigeria--Italian oil company ENI SpA (ENI.MI) has
carried out a feasibility study and completed site selection for a
new refinery in Nigeria with a capacity of up to 150,000 barrels a
day, Antonio Vella, its chief upstream officer, said Friday.
Speaking during a meeting with Nigerian President Muhammadu
Buhari, Mr. Vella said: "Site selection has been completed, and 50
new graduates have already arrived in Italy for training that will
last seven months."
Mr. Vella said ENI has presented a technical proposal to the
Nigerian National Petroleum Corp. to rehabilitate the Port Harcourt
refinery in southeast Nigeria and build a new one, according to a
statement from Mr. Buhari's office.
"There are other upstream initiatives and a deep-water project,
with estimated expenditure of $13 billion," Mr. Vella said.
He said ENI also plans to double the power-generation capacity
of its plant in the country's Niger Delta region to 1,000
megawatts, spending $750 million in the process.
Write to Obafemi Oredein at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
January 26, 2018 10:50 ET (15:50 GMT)
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