Agip has spent $5.4bn on local content in 6 years – MD


The Nigerian Agip Oil Company (NAOC) Monday stated that it had expended over $5.4 billion in-country to grow Nigerian content in the last six years, THISDAY reports.

Vice Chairman/ Managing Director of NAOC, Mr Massimo Insulla, who spoke during this year’s Nigerian Content Activities, hosted by Eni in Yenagoa with the theme: ‘Succession Planning’, said the money was spent mainly to ensure Nigerians have access to energy resources and related projects.

Insulla, who hosted several businessmen from the Niger Delta and the Governor of Bayelsa State, Mr Seriake Dickson, noted that the commitment of the company to completing the Zabazaba Deep offshore project, IPP phase 2, the construction of a brand new 150,000bpd refinery and support for the refurbishment of the Port Harcourt refinery underscores it’s seriousness in supporting local content in the country.