The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday performed the ground breaking of a 5,000 barrel per day (bpd) capacity modular refinery owned by Waltersmith Refining and Petrochemical Company at Ibegwe Flow Station in Ohaji Local Council of Imo State, aimed at boosting local content and enhancing production of petroleum products.
According to him, the facility is to commence production in 18 months and would supply crude to dedicated storage tanks. The oil installation, he noted, was to create employment opportunities for the youths and end militancy in the Niger Delta.
Its chairman/chief executive officer, Abdulrazaq Isa, stated that the feat had signalled the entry of the firm into the downstream petroleum sector, which according to him, was part of its vision to becoming a fully integrated energy company determined to contribute meaningfully to Nigeria’s energy security and sustainability programme.
Source: The Guardian