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Nairaland Forum / Nairaland / General / Politics / Work Begins On $50m Modular Refinery In Akwa Ibom (20346 Views)
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Work Begins On $50m Modular Refinery In Akwa Ibom by ourema(f): 1:31pm On Dec 12, 2016 |
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/ 13 Likes
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Re: Work Begins On $50m Modular Refinery In Akwa Ibom by ourema(f): 1:38pm On Dec 12, 2016 |
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 12 Likes |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by ourema(f): 1:40pm On Dec 12, 2016 |
ourema: 1 Like 1 Share |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by ourema(f): 2:28pm On Dec 12, 2016 |
At least kerosene will be cheaper |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by agabusta: 3:41pm On Dec 12, 2016 |
This is very good. Nice one. Akpabio should have built this project instead of that stadium. 28 Likes 3 Shares |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by BuyGoats: 3:44pm On Dec 12, 2016 |
It's ok as long as it'll take us out of recession... My signature 4 goats please |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by classicyung(m): 3:45pm On Dec 12, 2016 |
No be to begin am... Na to finish am b d problem 12 Likes
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Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Jh0wsef(m): 3:45pm On Dec 12, 2016 |
Make this one no collapse oh 5 Likes
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Re: Work Begins On $50m Modular Refinery In Akwa Ibom by valdes00(m): 3:46pm On Dec 12, 2016 |
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?! 18 Likes |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Nobody: 3:46pm On Dec 12, 2016 |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Larablink(f): 3:47pm On Dec 12, 2016 |
Nice. It's a welcome development. Kerosene will be affordable for all 3 Likes |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Afonjas: 3:48pm On Dec 12, 2016 |
This news is beautiful just as this girl 17 Likes 6 Shares
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Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Blue3k(m): 3:48pm On Dec 12, 2016 |
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. 5 Likes |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by UuzbaGuuzba: 3:49pm On Dec 12, 2016 |
show some pictures of the construction. |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Pavore9: 3:49pm On Dec 12, 2016 |
A good development from the private sector. |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by stobery(m): 3:50pm On Dec 12, 2016 |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by PappiSnow: 3:51pm On Dec 12, 2016 |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Aburi001: 3:52pm On Dec 12, 2016 |
We will get there.....SLOWLY but SURELY 1 Like |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by AlexCk: 3:52pm On Dec 12, 2016 |
Hope they won't go and bomb this one oo Cuz militants and refineries are like magnets that attracts. 4 Likes
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Re: Work Begins On $50m Modular Refinery In Akwa Ibom by AroOkigbo(m): 3:54pm On Dec 12, 2016 |
A good post like dis should be fortified with pictures. 6 Likes |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by truthspeaks: 3:55pm On Dec 12, 2016 |
Ok |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by engrjacuzzi: 3:57pm On Dec 12, 2016 |
meanwhile palm oil is now expensive..wondering what the so called minister of oil is doing about the situation 1 Like |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by rawtouch: 3:59pm On Dec 12, 2016 |
good |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by legendte(m): 4:00pm On Dec 12, 2016 |
Good |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Nobody: 4:01pm On Dec 12, 2016 |
We need at least two of this in each oil-producing state. That is if the Niger Delta Scavengers gree. 2 Likes |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by dustydee: 4:01pm On Dec 12, 2016 |
ourema:Mbok, is kerosene not fuel? 4 Likes |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Nobody: 4:02pm On Dec 12, 2016 |
ourema: I hope the afonjas read and digested this parts. 7 Likes |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by izzy4shizzy(m): 4:06pm On Dec 12, 2016 |
Here we go again |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Eleniyan15: 4:10pm On Dec 12, 2016 |
DOUBLE WAHALA FOR DEAD BODY |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by Flyingngel(m): 4:12pm On Dec 12, 2016 |
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. 1 Like |
Re: Work Begins On $50m Modular Refinery In Akwa Ibom by twinskenny(m): 4:13pm On Dec 12, 2016 |
BuyGoats: Send me pictures one WhatsApp I need one |
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