The Nigerian National Petroleum Corporation and its joint venture partners on Friday signed the Nigerian Content Plan agreement to move the country closer to the final investment decision on Train 7 of the Nigeria LNG project.
The Train 7 project, estimated to cost of about $4.3 billion, is expected to expand the company’s production capacity and associated infrastructure to about 30 MTPA. The MD of NLNG, Tony Attah, described the Nigerian content plan as one for Nigeria’s manpower and economic development, which the company has identified with since it commenced operations 20 years ago.
Some of the companies include Dorman Long Nigeria Limited and Niger Dock Nigeria Plc, to enhance their galvanising capability; Nexans Kabelmetal, to increase their low voltage electrical cables manufacturing capability, and Nigerian Foundries, to improve their processes for the manufacture of trench gratings and manhole covers.
“The company has also paid over $13 billion to the Federal Government for feed-gas purchases and $6.5 billion in taxes,” he said.
Source: News Formal (newsformal.com)
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