Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Nigeria Awards $2 Billion Gas Plant Contract to Eni, Oando

Nigeria awarded a $2 billion contract to Eni SpA’s Agip and Oando Plc to build a natural gas processing facility at Obiafu in the southern Rivers state.

The plant will process wet gas from fields operated by Chevron Corp. and Royal Dutch Shell Plc to supply petrochemical and fertilizer plants to be built in the Delta and Lagos states, Petroleum Minister Diezani Alison-Madueke said today in Abuja.

Africa’s most populous nation and top oil producer is “re-positioning to be the regional hub for gas-based industries,” Alison-Madueke said.

Nigeria plans to develop its gas reserves and build pipelines to supply power plants and export. The West African country selected 15 companies including Shell, Chevron and Oando in 2009 to participate in its development plan. It is yet to announce the final outcome.

The country plans to spend $30 billion building domestic processing and transmission plants to send gas across the Sahara Desert by pipeline to Europe, according to the state-owned oil company. Nigeria’s gas reserves are estimated at 187 trillion cubic feet, the world’s seventh largest.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.