Breaking: Italian Oil Giant to Establish Refinery in Port Harcourt

Global oil and gas refining company, Messrs Marie Tecnimont Group, has said it will support Nigeria in unlocking greater values by processing its natural resources in the country.

It has also pledged to support in developing the country’s circular economy, leveraging its global operation and expertise developed in the past decades.

This comes on the heels of the recent signing of an agreement with African Refinery Port Harcourt Limited (ARPHL) for the construction of a 100,000 barrels refinery to be located in Port Harcourt, Rivers State.

This announcement was contained in a statement released by the company at its headquarters in Italy.

The Chief Executive Officer, Alessandro Bernini, said: “We are really honoured to support Nigeria both in unlocking greater values by processing its natural resources and in developing circular economy for the first time in the country, as Biojet is one of the most effective solutions to reduce the carbon footprint of the global aviation industry.

“Moreover, these new contracts confirm the strong geographical diversification of any backlog and the reliability of our technology driven value proposition.”
The firm also announced that its subsidiaries, Tecnimont and Stamicarbon, had been awarded several new contracts and other variations for licensing, engineering services and other EPC activities in Europe, the Middle East, Far East and Nigeria.

Listed in the Milan Stock Exchange, Marie Tecnimont S.p.A is a global leader in the transformation of natural resources in plant engineering in downstream oil and gas, with technological and execution competencies.

Through its subsidiaries, the group operates in the field of green chemistry and the technologies to support the energy transition.

The Marie Tecnimont Group operates in about 45 countries through approximately 50 operative companies and is powered by a staff strength of about 9,300 personnel.

The Guardian

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