Nigerian oil firm Oando said on Monday it was in talks to work with Italian energy company Eni to rehabilitate one of the West African nation’s four refineries, Reuters reports.
Nigeria’s oil minister, Emmanuel Ibe Kachikwu, said last week Eni would build a new refinery with capacity of 150,000 bpd, using its Agip subsidiary. The agreement with Eni also included a repair, operate and maintenance (ROM) agreement for the Port Harcout plant.
Oando said in a public notice on Monday it was in talks to partner with Agip in rehabilitating the Port Harcourt plant, returning its capacity to the original design level of 210,000 bpd from just 30 percent of that now. Oando said talks were expected to lead to a final agreement by the end of July.