Agip spends $5.4 billion on job creation

The Vice Chairman/Managing Director, Nigerian Agip Oil Company Limited (NOAC), Massimo Insulla, has said the Italian oil giant has spent over $5.4 billion in-country, to create jobs and boost economy.

He said the oil firm is supporting and celebrating the rapid growth of Nigerian content in the oil and gas industry in order to motivate more local players.

He stated this at the 2017 Nigerian Content activities organised  by NAOC at the Presidential Hotel, Port Harcourt, Rivers State, with concentration on Indigenous Technology and ENI/Universities Collaborative Research Forum and Exhibition, which was also used to sign a pact with the Manufacturers Association of Nigeria (MAN) to grow the nation’s content and its economy.

Insulla pointed out that the oil firm’s Memorandum of Understanding (MoU) with MAN was aimed at encouraging manufacturing, give the sector a boost and seek mutual cooperation to grow Nigerian content.

He said: “The forum is significant because of the mission of Eni, which recognises that diversity across all aspects of our operations and organisation is something to be cherished. We believe in the value of long-term partnerships with the countries and communities where we operate.

“In the last six years, Eni has domiciled over $5.4 billion in-country, to create jobs and boost economy. For over 55 years, we have been working in Nigeria to build a future where everyone can access energy resources efficiently and sustainably. This is who we are.

“We are celebrating the rapid growth of Nigerian content in the oil and gas industry, since the enactment of the NOGICD Act in 2010, the great works of the Nigerian Content Development and Monitoring Board (NCDMB), as well as the giant strides of our indigenous service providers, academia, MAN and Petroleum Technology Association, among others.

“As a demonstration of Eni’s commitment to expand our operations and grow Nigerian content, we are implementing a number of projects in the Nigerian oil and gas, as well as energy sectors, including deep offshore project, Independent Power Project (IPP) phase two, ongoing feasibility for construction of a brand new 150,000 barrels per day (bpd) refinery, support  for rehabilitation of Port Harcourt refinery, efficiency study of the national grid and support for alternative energy mix.