ExxonMobil, has indicated an interest to make fresh investment in the country’s power sector, making it the second IOC to declare such an intention this year.
The oil giant made this known while playing host to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu.
A statement by the ministry said ExxonMobil is currently building a power plant in Qua Iboe in Akwa Ibom State.
In January, Eni signed a Memorandum of Understanding with the Nigerian National Petroleum Corporation (NNPC) to build a power plant in the country, as well as refurbish the Port Harcourt refinery in Rivers State.
The Ministry said that ExxonMobil recognized the partnership with Nigeria and the work of the Federal Government to ensure the development and growth of the oil and gas sector.
The ministry said ExxonMobil reiterated its commitment to help deliver power to Nigeria and support its gas commercialization programme.
Source: The Punch. [myad]
