By Emmanuella Anokam
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with Africa Indorama Energy Petrochemical Ltd. to supply 800 million scuff of gas to promote industrialisation in Nigeria.
Malam Mele Kyari, Group Chief Executive Officer, NNPC Ltd., said this during the signing of the MoU in Abuja on Saturday.
He said the aim of the MoU was to ensure that Nigeria’s abundant gas resources were harnessed.
According to him, the project is expected to contribute common revenue of 3.8 billion dollars annually to the Gross Domestic Product (GDP) and up to 18 billion dollars in its lifecycle.
He said the project would boost downstream production of about 4.8 Million Tonnes Per Annum (MTPA) of products including methanol, urea, and fertiliser.
He added that it would also create about 55,000 jobs, develop a condensate refinery to boost petroleum product supply and reduce product importation.
Kyari expressed satisfaction with the…
Source: News Agency of Nigeria
