Azikel Refinery, one of the 22 private refineries licensed by the administration of President Muhammadu Buhari in 2015, will begin operations in 2018.

The President of Azikel Group, Dr. Eruani Azibapu, recently signed the agreement for the establishment of Azikel Refinery with Ventech Engineering LLC in Houston Texas.

Eruani signed on behalf of Azikel Petroleum Nigeria Ltd, alongside with Director of Investment and Strategy, Mr. Richard Howarth, and the Executive Director Operations, Mr. Presley Asemota.

The contract for the construction of a 12,000 barrels per day hydro-skyming refinery was signed with the world global leaders in modular refinery construction/manufacturing, Ventech Engineering.

Azikel Refinery is situated adjacent the Gbarain-Ubi Gas Gathering Facility, in Obunagha-Gbarain, Bayelsa State. According to a statement by the company, the proximity of the Azikel Refinery to the feed stock from Shell has given it a very clear advantage to early start and completion as to meeting the planned commencement of operations in 2018.

At the contract-signing ceremony in Houston, the President of Ventech, Ian Anderson, emphasised that Ventech’s usual high degree of professionalism would be deployed in the construction of the Azikel Refinery, with the objective of ensuring that the specifications of the products meet international standards.

Azikel Refinery will produce high value variants of LPG, Petrol, Kerosene, Avaition Fuel, Diesel and Heavy Fuel Oil.
President/CEO of Ventech, Ian Anderson, the Vice President Scott McClary, General Counsel Laura Hotard and Busines Development Manager, Mr Brian Swientonioski signed for Ventech.

The event was witness by executives of international banks, export credit agencies, US businessman and organisation as well as the Nigerian community and friends of Azikel Group in the United States.

The funding of the refinery has been secured from Exim Bank, export credit agencies and EPC Project Finance funding.
Among the 22 licensees during the period, Azikel Refinery has moved from the first stage of licensing (LTE) to the second Stage licensing of Approval to Construct (ATC).

Out of the 22 awarded licenses only four private refinery licensees in Nigeria have been able to secure the second license.
Azikel Group which is the sponsor of Azikel Refinery through Azikel Petroleum is committed to the creation of employment, industrialisation of Nigerian and sustainability.




http://www.thisdaylive.com/index.php/2016/11/02/azikel-refinery-to-commence-operations-in-2018/?utm_source=twitterfeed&utm_medium=facebook

Lalaaticlala mynd44

Another refinery on paper

Zoo's diversification into oil is in full swing. Go Nigeria! you're awesome at being useless. Nonsense!

Wow... AZIKEL OUR NEXT DANGOTE

This guy was nobody some years back... We are coming

AS far as it is in BAYELSA, they will have enough CRUDE to refine ...... Unlike the one situated at where their crude is only seen in Jam Bottle.

Nice One

Tell
The
Millitants
Another
Target
Don
Show

Hope this isn't the the Nigeria China Yuan deal. And where's Capital Oil when you need him most. Try secure a license and build your own modular refinary and stop the talking but start doing the talking

Bayelsa men and womanising...

Nice move

Praise the Lord

Good o

22 refineries? Okay. Time shall tell.

Atleast something to cheer about

Bujumbura:
Another refinery on paper

Haters, pessimist, disbeliever, see-no-good, low lifer spotted

Good development......I hope they have a good Environmental Management Plan too. Refinery wastes and effluents cause a lot of environmental damage as much as oil spillage and gas flaring.

good!

good development
hope is not going to commence only on paper
cos no be today we begin hear this kin story

good to know

Too many backward minded individuals on Nairaland this days
.

The mods need to find a way to curb the hatred and tribalism in this forum

Very good development, hopefully they meet the target date of completion; kudos to Dr Eruani Azibapu. It was reported sometime earlier this year that Integrated oil (capt Iheanacho) would complete their own modular refinery in 2016. Does anyone have any news on that project?
http://www.vanguardngr.com/2016/04/integrated-oils-116m-refinery-ready-year-gmd/

If only the owners of the remaining 20 modular refinery licenses can hasten up and do something, these mushroom refineries might just be the surest way out of this recession and gateway to Nigeria's prosperity. Meanwhile, Oga Ifeanyi, does anyone know if he's taken any license to build a refinery?.. Or is he only interested in just importing, storage and distribution?.... Money bags like that who made their money at Nigeria's expense are in the best position to restore the economy if they wish.

Finally, is there any law that stops state governments from investing in modular refineries?... Okowa, Dickson, Wike, Udom, Rochas, Mimiko and even executives of non-producing states, is there any law prohibiting states from establishing refineries as a business/profit/revenue creating venture?

Good one.. The downstream sector need more diversification.. i expect the pressure on forex to drop if we can refine our crude oil...

We need more companies to come in and build more.

this is some goodnews...

Another Tom and Jerry .

Bolustic:
Good development, very impressive.

The respective SS state governments should do well to re-orientate the ND, even as this refinery is going to provide jobs, they will still not do, they prefer to sell their jobs to the SW&SE guys and wait for Amnesty money. Even Seriake Dickson confirmed it.

They can't live like this forever and expect meaningful development.

Your advice is malicious so it is not needed.

INTROVERT:
Azikel Refinery, one of the 22 private refineries licensed by the administration of President Muhammadu Buhari in 2015, will begin operations in 2018.

The President of Azikel Group, Dr. Eruani Azibapu, recently signed the agreement for the establishment of Azikel Refinery with Ventech Engineering LLC in Houston Texas.

Eruani signed on behalf of Azikel Petroleum Nigeria Ltd, alongside with Director of Investment and Strategy, Mr. Richard Howarth, and the Executive Director Operations, Mr. Presley Asemota.



The contract for the construction of a 12,000 barrels per day hydro-skyming refinery was signed with the world global leaders in modular refinery construction/manufacturing, Ventech Engineering.

Azikel Refinery is situated adjacent the Gbarain-Ubi Gas Gathering Facility, in Obunagha-Gbarain, Bayelsa State. According to a statement by the company, the proximity of the Azikel Refinery to the feed stock from Shell has given it a very clear advantage to early start and completion as to meeting the planned commencement of operations in 2018.

At the contract-signing ceremony in Houston, the President of Ventech, Ian Anderson, emphasised that Ventech’s usual high degree of professionalism would be deployed in the construction of the Azikel Refinery, with the objective of ensuring that the specifications of the products meet international standards.

Azikel Refinery will produce high value variants of LPG, Petrol, Kerosene, Avaition Fuel, Diesel and Heavy Fuel Oil.
President/CEO of Ventech, Ian Anderson, the Vice President Scott McClary, General Counsel Laura Hotard and Busines Development Manager, Mr Brian Swientonioski signed for Ventech.

The event was witness by executives of international banks, export credit agencies, US businessman and organisation as well as the Nigerian community and friends of Azikel Group in the United States.

The funding of the refinery has been secured from Exim Bank, export credit agencies and EPC Project Finance funding.
Among the 22 licensees during the period, Azikel Refinery has moved from the first stage of licensing (LTE) to the second Stage licensing of Approval to Construct (ATC).

Out of the 22 awarded licenses only four private refinery licensees in Nigeria have been able to secure the second license.
Azikel Group which is the sponsor of Azikel Refinery through Azikel Petroleum is committed to the creation of employment, industrialisation of Nigerian and sustainability.




http://www.thisdaylive.com/index.php/2016/11/02/azikel-refinery-to-commence-operations-in-2018/?utm_source=twitterfeed&utm_medium=facebook

This Buhari seems to be the forbidden fruit that tastes the sweetest. If He should fix refinery problem, he has definitely solved 50% of Nigeria economic quagmire

Where is Orient Petroleum Refinery? They scammed us che?

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