31 July 2018, Sweetcrude, Lagos — Italian multinational oil company, Eni, has hailed the Nigerian government and the management of the Nigerian National Petroleum Corporation, NNPC, for improved security in the Niger Delta which has rubbed off positively on the operations of international oil companies, IOCs.
Eni’s Chief Operating Officer, Upstream, Mr. Antonio Vella, made the commendation when he led the management team of the Nigerian Agip Oil Company, NAOC, on a courtesy visit to the Group Managing Director of the NNPC, Dr. Maikanti Baru, in Abuja today.
Mr. Vella said the prevailing peace and security in the region had increased investors’ confidence in Nigeria’s petroleum industry, adding that his company was considering doubling its investment in the country.
“The steps the GMD has taken have greatly improved security in our area of operations. That is very important to us as it has given us confidence to come back strongly and raise oil and gas production. And that is what we are doing. We are increasing our budget in Nigeria because we have confidence in Dr. Baru and the entire system”, he said.