Petroleum Africa
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Thursday, November 5, 2015
The Chairman of Sonangol, Francisco de Lemos Maria and ENI’s CEO, Claudio Descalzi met in Rome on November 4. During the meeting the pair confirmed their commitment to using the gas extracted by ENI in Angola to provide energy for the domestic market and to support the local economy.
In the coming months ENI and Sonangol will undertake the evaluation of development projects of gas fields in the Angolan basin of the Lower Congo. The gas will be used for power generation, potentially 1.5 GW.
In addition, as part of downstream activities the Italian firm will support Sonangol in order to define the Lobito refinery project, which will be developed in the coming months.
These initiatives will benefit from ENI’s wealth of experience and technical expertise in the discovery, development and production of gas resources and from Sonangol’s oversight of the gas value chain and Angolan oil products.
ENI will also provide its own support for the outline of an agricultural project that aims to boost employment and promote diversification of the country’s economy.
“This agreement confirms ENI’s strategy in sub-Saharan Africa. We are accelerating organic growth in upstream and supporting local communities through projects that provide access to energy, develop downstream facilities and produce economic diversification,” said Descalzi.
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