Italian major oil company Eni partners Vitol in Ghana

Italy’s biggest oil and gas company by revenue, Eni SpA is partnering Vitol Holdings NV in Ghana as it gears up to participate in the oil sector in Africa.

According to a report by the Wall Street Journal, the CEO of Eni, Paolo Scaroni has said the joint venture is part of Eni’s efforts to expand its presence in sub-Saharan Africa.

Scaroni was in Ghana recently and held meetings with President John Evans Atta Mills. During the meeting he indicated that Ghana will be among main oil producers in sub-Sahara Africa, and he expressed Eni’s interest to build “a new and durable partnership” with Ghana.

By Emmanuel K. Dogbevi