Joint venture formed between Saipem and Dangote
Nigeria “We are confident that our partnership with Saipem will position us as a major player in the oil and gas sector,” Dangote Group executive director Devakumar Edwin said in a company statement.
Saipem Contracting Nigeria has been active in Nigeria for over 50 years as an engineering, procurement and construction contractor for projects such as pipelines, offshore structure fabrication and maintenance services. Saipem is a subsidiary of Italian oil major Eni, which holds a 43-percent interest.
Privately held Dangote Group is a highly diversified business entity, with downstream, power generation, gas exploration and fertiliser-production projects. The company has investment plans for a major refinery and petrochemicals complex in Lekki.
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