Ver Angola

Energy

Italian oil company ENI plans to invest $7 billion in Angola over the next four years

The chief executive of Italian oil company ENI, Guido Brusco, said Tuesday that the company plans to invest US$7 billion in Angola over the next four years. According to the announcement, the oil company wants to invest in the areas of production, research, refining and solar energy.

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The official, who was speaking at the end of an audience with João Lourenço and where the president of the board of directors of ENI, Claudio Descalzei, was also present, clarified that several projects were discussed at the meeting.

On the agenda, projects to produce gasoline and biological diesel were analyzed. The ENI CEO, cited by Angop, admitted that these projects will help stimulate agriculture as well as reduce carbon emissions.

The responsible also took the opportunity to reveal that, within a year, the Namibe province will have an initiative for production of 50 megawatts to change the diesel electric system. About the change, the responsible explained that this will allow saving four times more than what is currently spent.

These new investments, in Guido Brusco's eyes, will ensure the creation of jobs, mainly in the agricultural sector.

During the meeting, according to the responsible, João Lourenço was also informed about the victories achieved with the implementation of projects in the area of research and production, during the last three years.

Guido Brusco also revealed that projects are being developed to facilitate the process of access to drinking water and electricity and improve health services in the provinces of Cabinda, Huíla and Namibe.

He said that the launch of a training program for over 600 doctors in Luanda and Cabinda is also being prepared, with the assistance of Italian and Angolan specialists, explaining that the start of this initiative was delayed because of the pandemic, Angop reported.

ENI is present in 70 countries, having started operating in Angola in 1980 and inaugurated oil production in 1991.

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