The announcement was made by Guido Brusco, director of operations (COO) of Natural Resources at Eni, at the Angola Oil&Gas conference taking place this Wednesday and Thursday in Luanda.
The official added that the project is currently 16 percent complete, with the first flow of gas expected in 2026, and considered that gas will play a fundamental role in generating more sustainable energy and will be a catalyst for developing the petrochemical industry. , especially fertilizers.
The manager also announced that Eni is moving forward with a new “agrobio” business, an agro-industrial complex with a capacity of 20 thousand tons, with the first vegetable oil expected to be produced in 2024.
On the other hand, the implementation of a biorefinery in the current Luanda complex is being studied, said Guido Brusco.
In 2022, Italian oil companies Eni and British BP created Azule Energy, a new independent international energy company in Angola, with an investment of more than 10 billion dollars, to produce oil and gas.
Azule Energy is 50 percent owned by each of the companies and is expected to eventually be the largest producer in Angola, with stakes in 16 concessions and Angola LNG.