Business
Italian Firm, NNPC Move To Rehabilitate PH Refinery
The Italian oil giant, ENI International, will soon commence the rehabilitation and refurbishment of Port Harcourt Refining Company Limited (PHRC), Alesa-Eleme following the signing of a Memorandum of Understanding (MoU) by the Nigerian National Petroleum Corporation (NNPC) with the oil company in Rome last Monday.
In a statement posted on its website and obtained by The Tide, the Italian oil company ENI said that the company through its subsidiaries, Nigerian Agip Oil Company (NAOC) and Nigerian Agip Exploration (NAE) were to promote new activities in Nigeria’s energy sector.
The statement added that the parties agreed to co-operate for the rehabilitation and enhancement of Port Harcourt Refinery, stressing that in the upstream sector, both parties agreed to intensify oil and gas production operations with an increased focus on exploration and development activities in the onshore, offshore and ultra deep water areas.
The MoU also stressed the basis for the assessment of the national electricity grid reliability and of most efficient renewable energy projects to secure energy accessibility in Nigeria’s most remote area.
The MoU further emphasized cooperation concerning power generation, access to energy to enhance the power generation capacity in Okpai IPP through the fast-track development of its Phase II to make it one of the largest combined cycle power plants in Africa.
The Minister of State for Petroleum Resources and Chairman of the Board of the NNPC, Dr Emmanuel Ibe Kachikwu signed on behalf of NNPC, while the Chief Executive Officer (CEO) ENI, Claudio Descalzi, signed on behalf of the oil giant company.
Philip Okparaji
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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