SPDC joint venture (JV) partners have signed a gas sale and purchase agreement (GSPA) for the $3.5 billion Brass fertiliser and petrochemical project in Bayelsa state.
The Shell Petroleum Development Company joint venture partners have signed a gas sale and purchase agreement for the $3.5 billion Brass fertiliser and petrochemical project in Bayelsa stateThe JV partners include SPDC, Nigerian National Petroleum Company Limited, TotalEnergies Ltd, and Eni.
“Achieving this GSPA showcases Nigeria’s business-friendly environment and the government’s commitment to investor-friendly policies,” he said.Ekpo said BFPCL and its partners are expected to achieve financial closure and commence construction soon to “bring in much needed Foreign Direct Investment and create thousands of jobs for our teeming population, while changing the face and fortunes of the host Bayelsa State and community for good”.
Ben Okoye, managing director of BFPCL, thanked Tinubu and Ekpo for their roles in finalising the GSPA.
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