China and India have agreed to build oil refineries in Nigeria’s Niger Delta region instead of only buying crude oil from the area, najia lo wa?

I believe the Indians and the Chinese agreed to this term during the last Oil block allocation. How come nothing has been done till today? How come we’ve never heard of them putting a feasibility study together talk less of Process Design package / Detail engineering design package? We all know they only want one thing, that’s our resources. They’re ready to say one thing or the other just to keep their crude oil supply uninterrupted. We all know they’ll never build anything in Nigeria, not refinery or ethylene plant. Let’s not fool ourselves.

norsman:

China and India have agreed to build oil refineries in Nigeria’s Niger Delta region instead of only buying crude oil from the area, najia lo wa?

what does it take to build a refinery?

Are we so dumb to know that these countries will tell us whatever we want to hear so long they can get the crude-oil and transfer to their country??

Dont we know its more lucrative for them to get crude-oil than to build refinery here??

absolutley shocking.

Probe: ‘$22.6bn refinery, gas, electricity projects not executed’
By Chiawo Nwankwo, Abuja
Published: Monday, 4 Aug 2008



Projects worth $22.6bn meant for the improvement of the downstream segment of the petroleum sector with 18 months completion date, beginning 2006, have not been executed, investigation has revealed.

The projects, numbering 10, were tied to oil blocks awarded by the Department Petroleum Resources to local and foreign companies that participated in the 2005 and 2006 bid rounds.

Many of the oil blocks were won through discretionary powers of the Minister of Petroleum as contained in the Petroleum Act, just as many of the enjoined the right of first refusal, a process that ousted competition and ensured payment of cheap signature bonuses.

It was gathered that the initial commitment to the projects by the bid winners attracted the Federal Government to the deals.

However, the House of Representatives 26-member ad-hoc panel, chaired by Mr. Igo Aguma, probing the Nigerian National Petroleum Corporation and its subsidiaries, discovered that none of the projects for which the oil blocks were sold had gotten off the ground.

A NNPC document dated July 30, 2008, and exclusively obtained last Friday, listed the projects, the proposed investment on each project; the oil blocks attached as well as the current status of each of the projects.

According to the document entitled, “Designated downstream projects,” “alternative project (is) to be considered” for nine out of the 10 projects.

The only exception to this arrangement was the $6bn gas plan and gas pipeline projects attached to OPL 321 and 323, won by KNOC, Equator Exploration and NJ Expansion Limited.

The affected projects are gas-fired power plants in Abuja and Kaduna; gas pipeline from Ajaokuta to Kano through Abuja and Kaduna, just as it had another line from Zaria to Katsina, through Malumfashu and Musawa.

The current status of the projects showed that “feasibility studies for both power plants and gas pipeline (have been) completed.

“Land acquisition for power plants in the two locations, project site office in Abuja have been established. The steering committee has approved the feasibility study for the pipelines.”

Other projects involved are a new refinery for Port-Harcourt valued at $2bn, and attached to OPL 298.

Four companies, Oando Plc, Camac International Limited, Allied Energy and First Axis Oil and Gas are involved with the oil block.

The NNPC remarked on the projects status, “Steering and working committees established; and alternative project to be considered.”

As long as whatever investment gotten from oil (eg excess crude account, etc) does not have to be linked or affiliated with NNPC then fine, if not it just seems futile. NNPC is foul.