The Ghana unit of oil exploration giant,ENI Ghana Exploration & Production Limited , says it is on course to deliver its first oil and gas from the Sankofa-Gye Nyame oil fields later this year.<\/p>\n
The coming on stream of the project is expected to help boost revenue from petroleum by increasing annual oil and gas production numbers.<\/p>\n
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It will also increase gas reserves by bringing into fruition the country\u2019s first gas-to-power project, with a capacity to supply some 180 million standard cubic feet of natural gas.\u00a0<\/p>\n
<\/p>\n
The Executive Vice-President for Sub-Saharan Africa Region, Mr Umberto Carrera told President Nana Addo Dankwah Akufo-Addo in Accra that ENI Ghana was committed to ensuring that the project was completed on time to help support the energy sector.<\/p>\n
<\/p>\n
Mr Carrera gave the assurance when he led a delegation from ENI Ghana to pay a courtesy call on the President in Accra.<\/p>\n
<\/p>\n
The visit was to enable the management of ENI to brief the President on the company\u2019s activities and give him updates on the Sankofa-Gye Nyame project.<\/p>\n
<\/p>\n
He also requested the President to look at the new directive by the Ministry Finance on tax refund.\u00a0<\/p>\n
<\/p>\n
He said the directive was having a significant effect on the cost of the project, hence the need for the government to look at it again.<\/p>\n
<\/p>\n
Govt\u2019s commitment<\/strong><\/p>\n
<\/p>\n
In response, President Akuffo-Addo expressed his appreciation to the management of ENI Ghana and assured them of his government\u2019s support towards the project.\u00a0<\/p>\n
<\/p>\n
He also mentioned that the government would meet with them to discuss the price of the gas to be produced from the project.<\/p>\n
<\/p>\n
Present at the meeting were the Managing Director of Eni Ghana, Mr Giancarlo Ruiu, the Local Content & Sustainability Manager, Mr Baluri Kassim Bukari and the Stakeholder Engagement, Government Relations & Regulatory Affairs Coordinator, Mr Paul Twum-Barimah.<\/p>\n
<\/p>\n
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The Ghana unit of oil exploration giant,ENI Ghana Exploration & Production Limited , says it is on course to deliver its first oil and gas from the Sankofa-Gye Nyame oil fields later this year.
The coming on stream of the project is expected to help boost revenue from petroleum by increasing annual oil and […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-391624","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n
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