The Minister of State for Petroleum, Mr. Ibe Kachikwu, has inaugurated the Ikwe-Onna Modular Refinery in Akwa Ibom State.
Kachikwu, who commended the promoters of the $50million refinery, said the Federal Government was ready to support any private sector-driven venture.
Governor Udom Emmanuel and Science and Technology Minister, Dr. Ogbonnaya Onu and others witnessed the opening.
The governor lauded the management of the refinery for supporting his vision to industrialise the state.
The Chairman, Foreign Direct Investment Committee, Mr. Gabriel Upkeh, represented the governor.
He said: “Government’s role is to provide social services and a conducive environment for industries to thrive. When the refinery is completed, it will provide employment and open up the area for other economic benefits.”
He urged youths in the community to cooperate with the contractors handling the project.
“We have endeavoured to keep our campaign promises by executing some laudable projects in infrastructure, agriculture and other areas,” he added.
Onu, who was also represented by an official of the Technology Incubation Centre, Mr. Ini Nya, urged those interested in refinery business to follow the due process set by the Federal Government.
The managing director of the company, Mr. Daminago Ogaji explained that: “The refinery is 100 per cent owned by the Niger Delta and would serve as a Federal Government’s model for the entire area.
Ogali explained: “It is starting with a capacity of 5,000 barrels per day (BPD) and would be increased to 20, 000 barrels in its midterm until its target of 100,000 bpd is achieved.
“The model is different because we have brought in the community as co-partners who would be given 10 per cent of the company’s profit.”
On the issue of militancy, he explained that the local community was made a part owner to enable them work as a family.
“We also intend to train the local boys because a local content developed company would be set up to produce about 80 percent of the materials needed for the operations,” he said.
He explained that tank farms and pipelines are some of the things that would be produced locally, leaving about 30 per cent of the needed materials to be sourced from outside the state.
Chairman of the company, Bassey Rex, said: “The refinery would support the state’s government efforts to develop the state.


http://m.guardian.ng/news/work-begins-on-50m-modular-refinery-in-akwa-ibom/

This is a great news and a way forward to petroleum products availability in the nation. A litre of kerosene is higher than fuel. This will lead to adultration of the product in the market

At least kerosene will be cheaper

This is very good. Nice one.

Akpabio should have built this project instead of that stadium.

It's ok as long as it'll take us out of recession...

My signature 4 goats please

No be to begin am...
Na to finish am b d problem

Make this one no collapse oh

As the year 2016 is gradually winding down, to all those who have lost hope in this year and maybe thinking of how this year will end without them achieving what they set out to achieve; our prayer for you is ‘May God do a Sergio Ramos in your lives’. Can we get an AMEN?!

Nice. It's a welcome development. Kerosene will be affordable for all

This news is beautiful just as this girl

Will this refinery produce jet fuel as well? I remember when I was in Nigeria during summer break the plane needed to make a stop on Portharcourt to refuel. If they do that would be cool as well.

Anyway nice effort by Akwa Ibom state attracting investors. Weird it took so long.

show some pictures of the construction.

A good development from the private sector.

We will get there.....SLOWLY but SURELY

Hope they won't go and bomb this one oo

Cuz militants and refineries are like magnets that attracts.

A good post like dis should be fortified with pictures.

Ok

meanwhile palm oil is now expensive..wondering what the so called minister of oil is doing about the situation

good

Good

ourema:
This is a great news and a way forward to petroleum products availability in the nation. A litre of kerosene is higher than fuel. This will lead to adultration of the product in the market

Mbok, is kerosene not fuel?

ourema:


The managing director of the company, Mr. Daminago Ogaji explained that: “The refinery is 100 per cent owned by the Niger Delta and would serve as a Federal Government’s model for the entire area.
Ogali explained: “It is starting with a capacity of 5,000 barrels per day (BPD) and would be increased to 20, 000 barrels in its midterm until its target of 100,000 bpd is achieved.
“The model is different because we have brought in the community as co-partners who would be given 10 per cent of the company’s profit.”
On the issue of militancy, he explained that the local community was made a part owner to enable them work as a family.
“We also intend to train the local boys because a local content developed company would be set up to produce about 80 percent of the materials needed for the operations,” he said.
He explained that tank farms and pipelines are some of the things that would be produced locally, leaving about 30 per cent of the needed materials to be sourced from outside the state.
Chairman of the company, Bassey Rex, said: “The refinery would support the state’s government efforts to develop the state.


http://m.guardian.ng/news/work-begins-on-50m-modular-refinery-in-akwa-ibom/

I hope the afonjas read and digested this parts.

Here we go again

DOUBLE WAHALA FOR DEAD BODY

How many refinery they want to establish in that axis? I remember during Attah's tenure they inaugurated what they term ground breaking ceremony of AMAKPE refinery which had a percentage of government resources and that was d end of it. I pray this shld b a PPP. Anyway am happy for this, good one Mr Governor.

BuyGoats:
It's ok as long as it'll take us out of recession...

My signature 4 goats please

Send me pictures one WhatsApp I need one