FIRST EVER MODULAR REFINERY COMMISSIONED IN NIGERIA

FIRST EVER MODULAR REFINERY COMMISSIONED IN NIGERIA

FIRST EVER MODULAR REFINERY COMMISSIONED IN NIGERIA
 
Adedayo Osho, Field Editor
 
25/11/202 Abuja, 
 
President Muhammadu Buhari has commissioned the 5,000-barrel per day (5000 BPD) modular refinery and performed the groundbreaking ceremony for the 45,000 BPD refinery at Ibigwe, Ohaji/Egbema Local Government Area of Imo State, Nigeria.
 
Ohaji/Egbema lies in the southwestern part of Imo State. It shares common boundaries with Owerri in the east; Oguta in the north; and Ogba/Egbema/Ndomi in Rivers State in the southhwest. 
 
Inaugurating the refinery virtually on Tuesday 24th of November, 2020, the president assured that "At current capacity, the modular refinery will utilize about 1.8 million barrels of crude oil. At the completion of the expansion works, it will increase to more than 16 million barrels of crude and condensates every year."
 
A joint venture between Waltersmith Refining & Petrochemical Company and the Nigerian Content Development and Monitoring Board (NCDMB), the modular refinery is part of the Nigerian government’s efforts to eliminate importation of petroleum products; augment local refining capacity of petroleum derivatives; establish Nigeria as a regional refining hub; and increase direct and indirect job creation through downstream industry.
 
Delivering his speech, President Muhammadu Buhari directed the Department of Petroleum Resources (DPR), Nigerian National Petroleum Corporation (NNPC) and all relevant government agencies to provide Waltersmith all the necessary support with respect to crude oil and condensate feedstock for the timely delivery of the additional capacity.
 
Guests in attendance were Senator Hope Uzodinma, Executive Governor of Imo State; Chief Timipre Sylva, Minister of State for Petroleum Resources; Mallam Mele Kyari, Group Managing Director of NNPC; and Adbdulrazaq Isa, Chairman, Waltersmith Group, as well as other senior government officials and stakeholders in the oil sector.
 
The Ibigwe 5,000 BPD aligns with the 4-key elements of the oil sector reform roadmap rolled out in 2018, which addresses the challenges in the downstream sector to eliminate the importation of petroleum products by Nigeria.