Daily Trust - ‘Refined Ibigwe modular refinery product already sold out’
Arewa

 

‘Refined Ibigwe modular refinery product already sold out’

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has said that even before its formal commissioning and start-up, refined products from the 5,000 barrels per day modular refinery at Ibigwe in Ohaji/Egbema Local Government Area of Imo State are already sold out to interested buyers.

He said that some other interested off-takers are also placed on the waiting list.

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Speaking while receiving the Minister of Information and Culture, Lai Mohammed, who was on a working visit to the facility, Wabote said that the success of the modular refinery has geared up stakeholders, with the second phase of the refinery billed to commence next month.

According to him, the feedstock of the refinery is supplied from the Walter smith Flow station located next door.

He said the partnership has ensured that the refinery will utilise about 1.8 barrels of crude oil produced from the flow station every year, which means Walter Smith does not need to scout for buyers of its crude all over the world.

He said, “We are proud that we did not dilly dally on the decision at the time but locked it up with the approval of the governing council which has enabled us to gather here to celebrate the completion and readiness to start-up the largest modular refinery in the country as of this period.

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‘Refined Ibigwe modular refinery product already sold out’

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has said that even before its formal commissioning and start-up, refined products from the 5,000 barrels per day modular refinery at Ibigwe in Ohaji/Egbema Local Government Area of Imo State are already sold out to interested buyers.

He said that some other interested off-takers are also placed on the waiting list.

BUA Group, firm sign pact on 200,000bpd refinery

‘Edo 6,000 BPD modular refinery 95% completed’

Speaking while receiving the Minister of Information and Culture, Lai Mohammed, who was on a working visit to the facility, Wabote said that the success of the modular refinery has geared up stakeholders, with the second phase of the refinery billed to commence next month.

According to him, the feedstock of the refinery is supplied from the Walter smith Flow station located next door.

He said the partnership has ensured that the refinery will utilise about 1.8 barrels of crude oil produced from the flow station every year, which means Walter Smith does not need to scout for buyers of its crude all over the world.

He said, “We are proud that we did not dilly dally on the decision at the time but locked it up with the approval of the governing council which has enabled us to gather here to celebrate the completion and readiness to start-up the largest modular refinery in the country as of this period.

texem
More Stories