TheCable

Godwin Obaseki, governor of Edo state, says the modular refinery located in Ologbo, Ikpoba–Okha LGA, is ready for production.

The refinery was developed by two Chinese firms: AIPCC Energy Limited and Peiyang Chemical Equipment Company Limited.

It has a capacity of 6,000 barrels per day and it is expected to produce 50 percent of diesel (500,000 litres), 25 percent of naphtha (300,000 litres) and 20 percent of fuel oil (200,000 litres) from its feedstock.

Tim Tian, managing director of the project, had said the refinery will get its feedstock (crude) from the Nigerian Petroleum Development Company (NPDC) facility – oil mining lease (OML) 111 – near Benin City.

“We were in China to sign this Memorandum of Understanding (MoU). I am very impressed that work has moved at such a speed in spite of the delay caused by COVID-19 pandemic,” Obaseki said during a recent visit to the facility.

“The plant is ready to receive crude oil; it is ready to process and it is ready to deliver products. They have done the pre-commission with the Department of Petroleum Resources, they have certified the refinery.

“What we have left now is to finalise the crude oil sale contract, these facilities have to get a certain type of crude from the escravos line and that is being finalised.

“I hope that before the end of August, we should start lifting products from this refinery.”

President Muhammadu Buhari had said construction of modular refineries in Nigeria will make petroleum products available in the country as well as eliminate importation.