this same company AIPCC Energy de build refinery for Koko, Delta state..
muykem: 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.
muykem: 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.
For once in your life appreciate good thing, don't use because of PDP and APC to start behaving like a saddist.Again, remember that PDP and APC are just names.
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
This is not even the true pictures of the project at Ologbo, Ikpoba okha LGA. The real project is not even up to 30% completion. This same PDP know the campaign video is fake no wonder they scored him F9 barely two months ago
Just surprised too but wont make any comment, modular refineries is also going on in ph, imo state and i think bayelsa. It was license given out by the buhari Administration after they withdrew the ones given out during obasanjo regime cos companies just collected the licences and could not build refineries that when the modular smaller refineries came up.
U 're very correct bro. The fact is dat the refinery is a private own project. I refused to be deceived by this video dat obaseki government is the 1 building the refinery, as mentioned there is on going modular refinery in ph, imo, y is Edo own different, obaseki show us ur project for the past 4 years....
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
If not for VP Osinbajo who laid the foundationfor this Refinery when Buhari was sick in London, Buhari will never accept something like this! All other such Refineries that Osinbajo initiated in the South South, Buhari has frustrated their effort. But he prefers to spend over #64Billion annualy on Kaduna refinery that produce nothing and still gulps over 60,000barrels of Oil per day! Buhari is really fighting corruption
U 're very correct bro. The fact is dat the refinery is a private own project. I refused to be deceived by this video dat obaseki government is the 1 building the refinery, as mentioned there is on going modular refinery in ph, imo, y is Edo own different, obaseki show us ur project for the past 4 years....
How can nayone even dream that Obaseki has anything to do with Crude Oil development, which is a Federal preserve? The Licenses were issued out by the FG when V.P Osinbajo was acting President, tried to cool down the ND agitation and Buhari was half dead in london. When did Obaseki become FEC or Minister for Petroleum/ Obaseki is an MOU/Audio Governor, nothing more.
Yes, Yes. All I am seeing are uncompleted projects after 4 years. These begs the question, are there no completed projects? The article said 5500bopd but the audio is saying 6000bopd, which one is it? The refinery capacity shouldn't be fluctuating. I can understand the 70% or 80% project completion, that can change depending when the article was written and audio made.
I don't see APC relinquishing EDO for PDP especially when there is no other state election for that day. Forget it all Government Apparatus will be too much for small EDO state not to comply.
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
where did keep your sense.
so we should praised thief obasanjo for bringing mtn and others to Nigeria.?
EtinosaDLaw: 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
Lies lies lies. The only mentioned MOU with who? Who is funding the project? What percentage counterpart funding did the state provide? Video says 80% complete, and due in september, write up says 70% complete. September 2020 is next month o, e be like say them forget... The truth of this work will soon come out... Trust Obaseki I wish you luck!!!
EtinosaDLaw: 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
This is not even the true pictures of the project at Ologbo, Ikpoba okha LGA. The real project is not even up to 30% completion. This same PDP know the campaign video is fake no wonder they scored him F9 barely two months ago
muykem: 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.
How much did Fashola put into Lagos-Epe expressway or even VI link bridge? Instead of praising a performer, you are beefing. No go die of hypertension 4+4 is not negotiable.
Mylove55: 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.
Hatred will kill you and your generation you doubting Thomas! You are seeing video and pictures of such project nearing completion, you are still saying the project is still on drawing stage..
Godwin obaseki is trying just that some people want him to share the money to them while leaving the people to suffer, he still pays salaries and pensions which is also important
muykem: 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.
Dont be an enemy of progress, he should be applauded for attracting private investors into the State. Your hate for Obaseki shouldn't make you brainless
Ikechukwu09: You are obviously an enemy of progress. The MoU for this project was signed in 2018 by Governor Obaseki in China. When did you see the video in 2017.
How will your children feel when they are told 20 years from now that their father was one of the people that worked for the underdevelopment of this country because of pecuniary gains.
Please, buy sense.
Nonsense!!!
An "Oladele" e warrior who has no voting right is willing to die for Godwin. I pity you for the public display of your ignorance. The only entity building something that could be referred to as refinery is the Dangote Group. Have you forgotten that such project requires engineering drawing, materials specifications, Environmental Assessment etc before approval will be given? Do you think building a modular refinery is like opening a shop in upper iweka? Stop displaying your stupidity by believing everything Nigeria politicians package for cheap political gimmick to lure gullible people. You need to borrow sense to help reshape your burrowed head.
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
