By Kingsley Jeremiah, Abuja
05 August 2020 | 2:57 am
A modular refinery, expected to process 5500 barrels of crude oil per day in Edo is about 70 per cent completed, the State Governor, Godwin Obaseki said yesterday.

Being constructed by the Edo Modular and Refinery Company Limited, and AIPCC Energy, Obaseki said the project would recalibrate the state’s industrial base, birthed through a Memorandum of Understanding (MoU).

Obaseki, was quoted in a statement that the refinery located at Ologbo in Ikpoba Okha Local Government Area (LGA), would produce from its feedstock 50 per cent of diesel (500,000 litres), 25 percent of naphtha (300,000 litres), and 20 percent of fuel oil (200,000) litres. The crude would be sourced from the Nigerian Petroleum Development Company’s (NPDC) facility – oil mining lease (OML) 111, near Benin City.
Obaseki added that the Chinese consortium handling the construction of the refinery is made up of Peiyang Chemical Equipment Company of China (PCC), Sinopec International Petroleum Service Corporation (SIPS), and African Infrastructure Partners (AIP).

To him, the modular refinery is among the growing list of ongoing legacy projects through MoU with local and international private investors, which include the already completed 55MW CCTEC Ossiomo Power Plant; the ongoing Benin Enterprise and Industrial Park; and the Benin River Port, for which preliminary works are ongoing.

“The local content component of the refinery project ensures that Edo citizens are trained in welding, refinery operation and fabrication work to enable them to participate in the construction of the refinery as well as its operation, post-commissioning. The refinery is at 70 percent completion and we are very sure that it will soon be ready for commissioning,” Obaseki was quoted.

The actualisation of the project he said was premised on smart thinking and financial savviness.The state had earlier approved the release of N700 million as redeemable preference shares (investment) in the refinery and Petrochemical Company Limited.

The venture is expected to create legitimate employment opportunities thereby reducing poverty, provide job opportunities for teeming youths in the communities, facilitate the establishment of a fabrication yard as proposed by the promoters, and create a basis for expertise, professionalism and further training in the oil and gas industry.

https://m.guardian.ng/energy/edo-refinery-70-completion-says-obaseki/

try and win or the project will be commission by lza iyamu.

Where are the people saying audio projects? is edo modular refinery and ossiomo power plant, an audio projects? is it not visible for any one to see? obaseki is 4+4 torgba!

70% Audio refinery.
Nigerian politician

OBAGOAL! 4 + 4 is not negotiable.
TERM 1: refinery, power plant, industrial park, edo stadium, Emotan Housing estate, gelegele port, removal of Oshomole, destruction of APC in Edo, etc
TERM 2: 75km Edo light rail, 2000MT Edo Palm processing plant, Ikpeshi Marble and Dolomite Plant, Ukpella Resort, Agenebode Ferries, Ubiaja Housing Estate, 2000km road nerwork in all 192 wards, Edo Higher Education Bursarues, N3000 cash palliative to 500000 poor indigene, etc

Please vote massively for PDP and Obaseki. Government is not simply an individual agenda.rather it is about MAKING EDO GREAT AGAIN

Damnnnnn niggarrr
Isoright

Cruseder:
try and win or the project will be commission by lza iyamu.

I can bet my balls obaseki is coasting to victory

And moreover government is a continuum
Ize Iyamu can still commission it

Weldone Obaseki...70% is an 'A' grade, and we know it will get to 100% definitely. The only 70% foreign direct investment during Oshiomole's time was Lara, and before it could get to 100%, the babe evaporate till date.

Edo people don't let what happened in Lagos happen in Edo apc don almost finish this nation with sorrow tears n blood buhari brought poverty looting retrogression death terrorisim nepotism lootacracy tribal sentiment open ur eyes

No progress updates when it was 40% but suddenly it's now 70% completion.

Make you people dey fear devil at least if you can't fear God

I thought zombies said it was audio refinery

Slawormir:

Damnnnnn niggarrr
Isoright



I can bet my balls obaseki is coasting to victory

And moreover government is a continuum
Ize Iyamu can still commission it

No room for a thief in Edo
Iyamu is another Igbinedon

Cruseder:
try and win or the project will be commission by lza iyamu.

it's a private project not Edo state government project. Don't mind that clown.

Iyamu will complete it

Charmingrascal:
Iyamu will complete it

Someone built something to 70%, you want to do away with the person while gambling with a known thief...

OVB123:
Where are the people saying audio projects? is edo modular refinery and ossiomo power plant, an audio projects? is it not visible for any one to see? obaseki is 4+4 torgba!

You dey mind stomach infrastructure crew?They are after their pocket..I don't if this good news will make it to front page,APC nairaland.com

muykem:
it's a private project not Edo state government project. Don't mind that clown.

The man said it himself that it involved an MoU, meaning there are more than one party. Oga please stop picking holes where there are non