Agip forges ahead with plans for 150,000bpd refinery

The Nigerian Agip Oil Company (NAOC), a subsidiary of Italian oil major, Eni, said it had begun feasibility studies for the construction of a new 150,000 barrels-of-oil-per-day refinery in the Niger Delta, The Punch reports.

The Vice-Chairman and Managing Director, NAOC, Mr. Massimo Insulla, disclosed this on Tuesday in Yenagoa during a two-day succession planning workshop for NAOC’s small and medium-scale vendors. Insulla also highlighted NAOC’s efforts towards creating an enabling environment for oil and gas businesses to thrive, including the planned construction of the refinery in the region.

He said; ‘’We are implementing a number of projects in the Nigerian oil and gas industry as well as energy sector including our Zabazaba deep offshore project, ongoing feasibility for the construction of a brand-new 150,000 barrel-of-oil-per-day refinery, support for refurbishment of Port Harcourt refinery, efficiency of the national grid, alternative energy mix, etc.’’