Edo State Signs 5000 bpd Modular Refinery Deal with Chinese Firms

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Enterprise Television- Edo State Signs 5000 bpd Modular Refinery Deal with Chinese Firms

The Edo State Government on Wednesday signed a Memorandum of Understanding with a Chinese consortium for the construction of a modular refinery in the state.

The refinery is said to have capacity for processing 5,000 barrels of crude oil daily. The project would be handled by Peiyang Chemical Equipment Company of China, Sinopec International Petroleum Service Corporation and a Nigerian company, African Infrastructure Partners.

According to a statement by the Special Adviser to the Governor on Media and Communication Strategy, Crusoe said that the first phase of the project would be ready in 12 months as all the necessary approvals were granted by the regulatory authorities.

Governor of Edo State Godwin Obaseki stated that the training and fabrication works would enable Edo indigenes to participate in the construction of the refinery as well as its operation.

The Governor also gave an assurance that the refinery would provide jobs for the unemployed, including those deported from Libya.

Obaseki added that the modular refinery would solve the problem of inadequate petroleum products in the country and make Edo the preferred source for such products, considering its status as a gateway state.

He commended the investors for showing interest in the state and its desire to become a hub of skilled manpower for the oil and gas industry and boost Nigeria’s local content policy.