Italian oil and gas group ENI will support Angolan state oil company Sonangol in gas production and construction of the Lobito refinery in Angola, the ENI Group said in a statement on its website.
The decision follows an agreement signed Wednesday in Rome by the Chairman of Sonangol, Francisco de Lemos José Maria, and the chief executive of ENI, Claudio Descalzi, for “further strengthening of the strategic and operational agreement between the two companies.”
The meeting also addressed natural gas production, “with the confirmation of the commitment to proceed with activities to recover domestic gas, which will be produced by both companies, in partnership, with a view to promoting access to energy and supporting the economy.”
In the coming months the two oil companies are expected to conclude their evaluation of gas field development projects in the Congo basin, for production of electricity in the country with an estimated potential of up to 1.5 gigawatts (GW).
Present in Angola since 1980, the Italian group has daily production in the country of 105,000 barrels of oil and is still involved in projects under development in the sea off Angola. (macauhub/AO)