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Nairaland Forum / Nairaland / General / Politics / Edo Modular Refinery Project To Drive Industrial Revolution (Video) (22976 Views)
Edo Modular Refinery To Earn $125m Per Annum From Naptha Exports / Edo Modular Refinery Privately-Owned, Not Obaseki’s Project – APC / Edo Modular Refinery In Pictures: A Product Of MOU (2) (3) (4)
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Edo Modular Refinery Project To Drive Industrial Revolution (Video) by EtinosaDLaw(m): 2:02pm On Aug 19, 2020 |
Edo Government says the ongoing Modular Refinery project at Ologbo in Ikpoba-Okha Local Government Area of the state, will on completion, drive the state’s industrial revolution quest. Mr Crusoe Osagie, Special Adviser to Gov. Godwin Obaseki on Media and Communication Strategy, made this known in a statement made available to the News Agency of Nigeria (NAN) in Benin on Sunday. He said the Edo Modular and Refinery Company Ltd. and AIPCC Energy, were on the verge of completing the 5,500bpd Edo Modular Refinery, now at 70 per cent completion stage. “This is a key legacy project by the Gov. Godwin Obaseki-led administration to recalibrate the state’s industrial base, birthed through a Memorandum of Understanding (MoU). “The project, sited at Ologbo in Ikpoba Okha Local Government Area, would produce from its feedstock 50 per cent of diesel (500,000 litres), 25 per cent of naphtha (300,000 litres) and 20 per cent of fuel oil (200,000) litres. “The crude is to be sourced from the Nigerian Petroleum Development Company’s (NPDC) facility – oil mining lease (OML) 111, near Benin City. “The Chinese consortium handling the construction of the modular refinery is made up of Peiyang Chemical Equipment Company of China (PCC), Sinopec International Petroleum Service Corporation (SIPS) and African Infrastructure Partners (AIP),” he said. Osagie said the modular refinery project was among the growing list of ongoing legacy projects through MoU with local and international private investors, which included the 55MW CCTEC Ossiomo Power Plant, which had been completed and ready for use. “The Benin Enterprise and Industrial Park, which development is ongoing and the Benin River Port, for which preliminary works are ongoing,” he said. He said the governor was committed to resetting the economy of the state for prosperity and industrial growth. According to him, the local content component of the refinery project ensures that Edo citizens are trained in welding, refinery operation and fabrication works to enable them participate in the construction of the refinery as well as its operation, post-commissioning. “The refinery is at 70 per cent completion and we are very sure that it will soon be ready for commissioning,” Osagie said. He added that the actualisation of the project was premised on the governor’s smart thinking and financial savviness from which he mobilised funds and resources to initiate and execute the project. “Recall that the Edo State EXCO approved the release of N700 million as redeemable preference shares (investment) in the Edo Refinery and Petrochemical Company Ltd. “The venture is expected to create legitimate employment opportunities, thereby reducing poverty, provide job opportunities for teeming youths in the communities. “To facilitate the establishment of a fabrication yard as proposed by the promoters and create basis for expertise, professionalism and further training in the oil and gas industry. “The take-off of the Edo Refinery and Petrochemicals Company benefits from a series of groundwork by the Obaseki-led administration that led to the setting up of Edo Investment Scheme Ltd. “A Special Purpose Vehicle (SPV) to hold N2 billion investment funds in which the Ministry of Finance Incorporation (MOFI) and the Edo State Oil and Gas Producing Areas Development Commission (EDSOGPADEC) are to hold shares of 20 percent and 80 per cent respectively,” he said. Osagie noted that the project would facilitate the state’s investment in various initiatives across the oil and gas sector, petroleum exploration, drilling and filling stations, sales and supply of gas, agro-allied products, petroleum and petrochemical products and other related businesses https://www.youtube.com/watch?v=4DGRbflQr8w Source: https://www.google.com/amp/s/guardian.ng/news/modular-refinery-will-drive-industrial-revolution-in-edo/amp 15 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Funkebi: 2:08pm On Aug 19, 2020 |
Hmmm.... Obaseki is building a refinery in Edo? Not many governors can boast of that o. The man is in a league of his own. Kudos to the people of Edo state! This is a win for you. 148 Likes 7 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Javierleon(m): 2:12pm On Aug 19, 2020 |
He did his work Can we continue Next() 9 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by RingRoadMafia: 2:14pm On Aug 19, 2020 |
Funkebi: We have chosen to return him and 1000 Oshiomole's can not stop us! An African proverb says that it is only a tree that bears fruit that people stone. Have you wondered why Oshiomole, Tinubu and the rest of their e-warriors from BMC always tremble at the mention of Obaseki? I just dey laff Dem, we pin for Esan dey wait Dem 145 Likes 10 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by ogmask: 2:17pm On Aug 19, 2020 |
Obaseki is the man Edo need now. 75 Likes 3 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Penaldo: 2:18pm On Aug 19, 2020 |
I'll say Obaseki is working 73 Likes 2 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Access03(m): 2:22pm On Aug 19, 2020 |
Since he is not sharing the state public funds with them again, right? Good work, if it's within 70% completion. 64 Likes 1 Share |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by TonyeBarcanista(m): 2:24pm On Aug 19, 2020 |
Op pls add video link Well done.... Modified 6 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by batstan(m): 2:29pm On Aug 19, 2020 |
Great! Very key. The site dey forbid cameras? 2 Likes 1 Share |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by batstan(m): 2:32pm On Aug 19, 2020 |
TonyeBarcanista: Better! I hail ooo, chair. 7 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by TonyeBarcanista(m): 2:34pm On Aug 19, 2020 |
batstan: I hail o my Oga.... 3 Likes 1 Share |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by ceibjp0: 2:42pm On Aug 19, 2020 |
Wow. This is looking fantastic 14 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by slivertongue: 2:45pm On Aug 19, 2020 |
RingRoadMafia: are u from Edo and in Edo? 5 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by PRYCE(m): 2:46pm On Aug 19, 2020 |
Not many states even those with greater resources can attempt such a feat. Obaseki isn't scared to spend on his people; to make their lives better. Kudos sir. 66 Likes 2 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Derailer(m): 2:49pm On Aug 19, 2020 |
This will directly create employment for a substantial number of people. I'm impressed. 52 Likes 2 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by muykem: 3:06pm On Aug 19, 2020 |
PRYCE:The refinery is owned by private individuals with state government stake of mere N700m. Can Lagos state governor be parading Dangote refinery as his achievement because of mere N2b stake. Mr. MOU is deceiving himself. 40 Likes 6 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by anonimi: 3:22pm On Aug 19, 2020 |
Javierleon: The wannabe godfather, coNrade Oshi-omo-Ole said Obaseki did nothing but pay salaries and pensions, instead of handing out Edo money to his godfather. If is necessary to get more information about other things he is doing apart from salaries and pensions payments. 12 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by anonimi: 3:25pm On Aug 19, 2020 |
muykem: Bad belle and jealousy making you yarn dust and okpata. Abeg shift make we see road with employment opportunities for Edo people, midwifed by their governor. 65 Likes 3 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by anonimi: 3:33pm On Aug 19, 2020 |
Penaldo: ......... and deserves a second term, instead of the acid throwing cultist and thief that progreThief coNrade Oshi-omo-Ole is trying to repackage as messiah. Edo people should work for their own salvation, to avoid being enslaved by the wannabe godfather who wants to do to them as Jagbajantis of Bourdillon is doing to Lagosians with increasing IGR from their pockets without any commensurate improvement in services, utilities, facilities and infrastructure. 15 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by id2019(m): 3:37pm On Aug 19, 2020 |
muykem:Enemy of progress, oshiomhole call am MOU governor and now u re seeing the results of the MOU he was busy signing, instead of appreciating the governor for creating an enabling environment for investors u re busy castigating the governor, no go let hatred kill u 54 Likes 5 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by anonimi: 3:55pm On Aug 19, 2020 |
id2019: Please don't mind the winchious APC e-rats with their lies and propaganda. By God's grace, Edo people will work to ensure that their state is not turned to sufferhead Lagos by a wannabe godfather. www.nairaland.com/attachments/11720358_fbimg15919816072656135_jpeg594b180e38f64950e93325bba350834b dre11: www.nairaland.com/attachments/12060812_74438269e05545dda3ffd67c00807429_jpeg_jpeg6b3dfb7e87ba642c9d1d76e4a6c2c3c2 30 Likes 1 Share |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by braveboi4life: 4:02pm On Aug 19, 2020 |
Obaseki is one of it's kind in Nigeria, Crude kind of leadership is to create employment in the already blotted public sector due to political gain after which the government will not be able to sustain it. One governor they call ohakim attempted to build refinery but 4yrs after we didn't even see the site been cleared , he later claimed the project is at its design stage and that's the most difficult part of a project. If not for anything this initiative and the power plant should earn him reelection. We need more technocrats in government that career politicians 24 Likes 2 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Mylove55(f): 4:16pm On Aug 19, 2020 |
Funkebi:thief obaseki is still drawing plans four years, thief obaseki is not serious. of all the ear mark projects, thief obaseki could not finish one for 4yrs. 4 Likes 2 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Mylove55(f): 4:25pm On Aug 19, 2020 |
braveboi4life:thief obaseki is a new generational thief, if given another 4yrs, thief obaseki will not attempt to finish it, because he did not plan to finish it, thief obaseki think he can play this game to win reelection. we can't trust him with another 4yrs. politicians only work in first term like oshomole, thief obaseki will use his 2nd term to plan to be a godfather. we all know the tactics. if thief obaseki could not do 5% of oshomole achievement, is it in 2nd term thief obaseki will work? 4 Likes 4 Shares |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by anonimi: 4:50pm On Aug 19, 2020 |
Mylove55: Your wannabe godfather, coNrade Oshi-omo-Ole already identified the thief among the two, so stop wailing as if you are in a shouting competition with the Uselu patient. www.nairaland.com/attachments/12142569_fbimg1597573004739_jpeg2da52b4009254431f9baf2d916ec6ab3 nairavsdollars: Praxtech: 15 Likes |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by abdullahi45: 4:51pm On Aug 19, 2020 |
Ok |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by highdon(m): 4:52pm On Aug 19, 2020 |
Politicians will and always remain our problem in this country 1 Like |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Nobody: 4:52pm On Aug 19, 2020 |
Nice job. 1 Like |
Re: Edo Modular Refinery Project To Drive Industrial Revolution (Video) by Openbusiness: 4:52pm On Aug 19, 2020 |
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