President John Mahama and the Chief Government Officer of Eni, Claudio Descalzi engaged in discussions centered across the oil exploration agency’s ongoing contributions to Ghana’s power sector and its broader financial diversification objectives.
Through the assembly held right now in Accra, Mr. Descalzi highlighted the numerous achievements of the Offshore Cape Three Factors (OCTP) challenge
This landmark challenge represents the biggest funding by a non-public firm in Ghana and was accomplished forward of schedule and underneath finances.
With the primary oil extracted in 2017 and the primary fuel manufacturing in 2018, the OCTP challenge has been a significant asset to Ghana’s power infrastructure.
Gasoline from the OCTP challenge is solely devoted to home consumption, offering a secure and dependable power supply to satisfy the nation’s inside wants. The fuel produced from OCTP at the moment contributes to roughly 70% of Ghana’s home fuel provide, making certain power safety for the nation.
Moreover, Eni offered new short- and medium-term exploration and growth alternatives to the President, illustrating the corporate’s dedication to supporting Ghana’s long-term power and financial objectives.
Eni has had a robust presence in Ghana since 2009. The corporate operates the OCTP challenge with a 44.4% stake, in partnership with Vitol (35.6%) and the Ghana Nationwide Petroleum Company (20%).
Along with its power ventures, Eni is concerned in quite a lot of tasks geared toward fostering financial diversification.
These initiatives embody efforts in coaching, entry to water and sanitation, and increasing entry to power, which align with the corporate’s dedication to sustainable growth within the area.
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