Eni eyes African investment drive

Power pledge: Eni CEO Paolo Scaroni says company will set up more gas-powered power stations in Africa

Eoin O'Cinneide/Upstream

By Eoin O'Cinneide

 08 December 2011 09:09 GMT

Eni is to open a plethora of new gas-fired power stations in Africa as it looks to cement its position as the largest international oil company on the continent.

Chief executive Paolo Scaroni said the Italian major also plans to invest around $50 billion in Mozambique where the company recently made its largest ever gas find.

Scaroni, speaking on the issue of good governance, social responsibility and sustainability at the World Petroleum Congress in Doha on Thursday, claimed that Eni’s commitment to using flared gas to provide local communities with power was even a factor in being awarded the lucrative block 4 off Mozambique.



(Click here to read other Upstream stories from the 2011 World Petroleum…

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