Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,152 members, 7,977,311 topics. Date: Thursday, 17 October 2024 at 04:58 AM |
Nairaland Forum / Nairaland / General / Politics / FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta (1822 Views)
300MW Power Plant In Lagos Built By UAE (Photos) / Nnamdi Kanu In Jerusalem: So FG And Orji Uzor Kalu Didn't Lie / Eye-Witness: AGIP Oil Company Port Harcourt Barricaded- Pictures (2) (3) (4)
FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by energywatchng: 3:31pm On May 11, 2017 |
Federal Government and Nigerian Agip Oil Company (NAOC), a subsidiary of Italy’s ENI, have struck a deal to construct an unbelievable $15 billion refinery in the Niger Delta. The deal will also include Agip’s investment in the biggest power project in Nigeria whichc is to come on stream by the year 2020. In this regard, officials of Agip held a meeting with acting President Yemi Osinbajo in the Presidential Villa, Abuja, on Tuesday with a view to opening discussions on the proposed investment. The meeting agreed on the need to prepare a Memorandum of Understanding (MoU) for the construction of a 150,000 barrel per day (bpd) refinery by Agip in the Zabazaba field, located in Oil Prospecting Lease (OPL) 245. However, the $15 billion announced by the government for the refinery and power project raised eyebrows among industry observers who wondered why a mid-sized refinery and thermal power plant would gulp that kind of money. In comparison, they said the 650,000bpd refinery complex, including fertiliser and petrochemical units, being built by the Dangote Group at the Lekki Free Trade Zone in Lagos, is costing $9 billion. The meeting, which had in attendance the Minister of State for Petroleum, Dr. Ibe Kachikwu, also discussed Agip’s assistance to Nigeria in the repairs of the Port Harcourt refinery. Speaking with journalists after the meeting, Kachikwu said the deal is aimed at discouraging oil companies operating in Nigeria from continuous fuel importation and encouraging them to refine oil locally. Kachikwu said the deal was in pursuit of the federal government’s commitment to increase capacity for local production and consumption of petroleum products with a view to ending fuel importation in Nigeria within a scheduled period. “We just finished a meeting with the acting president and Agip. In the meeting, we dealt with the issue of Agip’s investment in the Zabazaba field and their cooperation with us in the repairs of the Port Harcourt refinery. “We reviewed, following my meeting with Agip, an agreement that the firm will build a brand new refinery of 150,000 bpd capacity which will be located in Port Harcourt or Brass. “They have accepted and are preparing a memorandum of understanding along this line. The effect of this is that oil companies operating in Nigeria will begin to migrate from only exporting crude and begin to look at how to start refining crude so that we will be able to meet our local consumption. “With this new refinery and along with other things, what we are going to do with the refinery in Port Harcourt gives us hope in our quest to try and increase our local capacity to produce the refined products we need in the country and to meet the timeline of 2019. “We are now going ahead to work out the modalities with Agip. I am also calling on other multinationals to see what they can do along this line. “In the area of power, Agip has the second largest plant which will be on stream by 2020. This is to make sure they are not only just taking away crude but have other local investments. “Total investments in the area of power and the refinery from Agip will be in excess of $15 billion,” Kachikwu said. http://www.energywatchng.com/fg-agip-build-15bn-refinery-power-plant-niger-delta/ 2 Likes |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by hucienda: 3:33pm On May 11, 2017 |
Appears Eni looking ahead to the development of the DW asset. If brought to fruition, impressive. |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by wawappl: 3:37pm On May 11, 2017 |
I WISH THEY START AND COMPLET IT. I AM TIRED OF HEARING "WILL, TO, SHALL". THE NUMBER OF MOU POLITICIANS HAVE SIGN IN THIS COUNTRY IS MORE THAN ONE BILLION. |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by sarrki(m): 3:40pm On May 11, 2017 |
You won't see enemies of Nigeria here They are unpatriotic citizens They support Igbos, Bh and NDA just for their hatred for Mr president 4 Likes 1 Share |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by IgboAmakaa(f): 3:44pm On May 11, 2017 |
Lovely Is time for south south to take wat belong to them by force 5 Likes 5 Shares |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by IgboAmakaa(f): 3:44pm On May 11, 2017 |
sarrki: U afonjas with una hatred Enemies of south south Let's wait and see where dangote will get the crude oil for his plants 6 Likes 6 Shares |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by IgboAmakaa(f): 3:48pm On May 11, 2017 |
Kachikwu is d best thing DAT has happened to Nigeria 4 Likes 3 Shares |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Ambode4presdo: 3:55pm On May 11, 2017 |
Ok |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by ephi123(f): 3:56pm On May 11, 2017 |
sarrki: Shhh. Don't you conspicuously go missing on vital threads? Keep on stalking imaginary enemies of state. 4 Likes 1 Share |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by IgboAmakaa(f): 4:00pm On May 11, 2017 |
ephi123: He is among the enemies Emir of kano they talk about 1 Like |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by ephi123(f): 4:00pm On May 11, 2017 |
IgboAmakaa: |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by IgboAmakaa(f): 4:04pm On May 11, 2017 |
1 Like 1 Share |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Obi1kenobi(m): 4:38pm On May 11, 2017 |
See scam, sha. Typical inflated contracts. In what universe does a small 150,000 bpd refinery and probably a small associated power project cost $15 billion? 1 Like |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Joenyam(m): 4:38pm On May 11, 2017 |
I just hope this is true, we support such developmental strides. Have you noticed that Nigerian leaders rarely engage in long term project, they always want to start and finish project to claim achievement in things that is or no or less benefit to the masses. The America we see today is a project that started a long time ago and is in continuum. That's how industrialization began. |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by IgboAmakaa(f): 4:44pm On May 11, 2017 |
Obi1kenobi: No problems if u don't believe it |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Feraz(m): 5:03pm On May 11, 2017 |
Joenyam:As long as politics is played with the projects, it will continue no matter how substandard it is. sarrki:STFU and stop sounding like a broken record here! If they look for anyone that's unpatriotic, you top the list with your half-arse, bigotic and unintelligent comments littering the cyberspace. Always fighting imaginary enemies... Obi1kenobi:They said "power plant and other things". It's to know what other things they are talking about. 4 Likes 2 Shares |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by IgboAmakaa(f): 5:07pm On May 11, 2017 |
STFU and stop sounding like a broken record here! If they look for anyone that's unpatriotic, you top the list with your half-arse, bigotic and unintelligent comments littering the cyberspace. Always fighting imaginary enemies...[/quote] 1 Like |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Amarabae(f): 5:13pm On May 11, 2017 |
I hate seeing money figures being written in dollars. Pls be writing it in Naira. So how much is $15bn in Naira? |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by sarrki(m): 5:15pm On May 11, 2017 |
Amarabae: X the current exchange rate as at the time of implementing. |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Amberon: 5:16pm On May 11, 2017 |
God bless the south south. |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Nobody: 5:28pm On May 11, 2017 |
Amarabae:you go fear fear when u see am na!!! |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by SIRmanjar(m): 5:42pm On May 11, 2017 |
Damage control..give NIGERDELTA resource control not refinery. 2 Likes 2 Shares |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by IgboAmakaa(f): 5:55pm On May 11, 2017 |
SIRmanjar: is ok too |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Jesusloveyou: 6:32pm On May 11, 2017 |
Obi1kenobi:hmmm Did you hear it from kachuku mouth? Always reading side of news. Kachuku simply said agip investment is more than $15b. 1 Like |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by vedaxcool(m): 6:59pm On May 11, 2017 |
ephi123: e pain wella come enter an like pepper for killishi 3 Likes 1 Share
|
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by ephi123(f): 7:03pm On May 11, 2017 |
vedaxcool: Who was talking to this one? Did you miss your way? Hehehe. See this joker. You obviously need an eye check asap, kukuma follow your master to London for medical checkup zzzzombie Empty headed zombie defending his fellow broken record zombie 4 Likes 2 Shares |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by vedaxcool(m): 7:12pm On May 11, 2017 |
[s] ephi123:[/s] Sings Its like she gonna cry... oh why? ... She hasn't eaten in days... 3 Likes 2 Shares
|
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by ephi123(f): 7:14pm On May 11, 2017 |
^^ unity beggar on duty, knock yourself out quoting me all about. 2 Likes 1 Share |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Dejiprince: 7:24pm On May 11, 2017 |
vedaxcool: Her name don enter Guinness world book of records for crying. The thing be say, no mata how she cry, cleaner for aso rock no go ever near am. Any time wey i see her for nairaland, na just cry cry go full every where. Baba, people dey sufer oh. If you want to see lamentation, just stroll enter nairaland, you go see dem yakpa everywhere crying seriously. 2 Likes 1 Share |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Dejiprince: 7:30pm On May 11, 2017 |
ephi123: Cry well well. 2 Likes 1 Share |
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by fineboynl(m): 8:55pm On May 11, 2017 |
I think they should not bother to repair any refinery. we have been hearing every time that the refinery have been repaired and ready to work in full capacity. and yet nothing is working over there. they should forget about anymore repair it seems evil forces is sitting on that refinery. they may go ahead in building new one. we are already tired. today they want to privatize the refinery tomorrow they want to repairs. Nigeria government is confused. 3 SEPTEMBER 2015
|
Re: FG And Agip To Build $15bn Refinery And Power Plant In Niger Delta by Theoigios(m): 8:57pm On May 11, 2017 |
IgboAmakaa: what belongs to south south? and what are they taking by force?, is south south not part of nigeria?, this is how racism starts! i smell tribalism in your comment. |
Father Mbaka: If We Must Be One Nigeria, Let Us Be. If Not Let Us Divide / Delta State LG Chairman Flexes Despite 2 Yrs Unpaid Salary / Tension In Southeast,as Anambra And Ebonyi State Government Seize Many Shops
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 57 |