Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd - Politics - Nairaland
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| Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Gjrich(m): 8:35pm On Oct 31, 2023 |
Two New Refineries Begin Production in Edo, Place Orders For 300,000 Barrels of Crude. Simbi Wabote, the Executive Secretary of NCDMB, said that the two newly built refineries in Edo State would lift Nigeria's refining capacity. Wabote said the two new refineries will contribute to Nigeria's 1.5 million barrels of daily crude capacity The refineries are currently running and producing diesel and other petrochemical products. Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has revealed that the two new refineries in Edo State are poised to contribute to Nigeria's 1.5 million barrels of daily refining capacity. The Edo Refinery and Duport Midstream Refinery are currently refining petrochemical products in the state and will start petrol refining as soon as they receive crude oil supplies. Nigeria asked oil-producing companies to supply crude to new refineries The Nigerian government recently ordered about 52 oil companies in Nigeria to begin supplying crude to emerging refineries to avoid the embarrassment of imports. At the same time, it is a top oil producer in Africa. Wabote revealed this at the third Biennial International Conference on Hydrocarbon Science and Technology, organized by the Petroleum Training Institute. The two refineries have reportedly ordered 300,000 barrels of crude oil from the Oza oil field and currently produce diesel, naphtha, and Lour Pour Fuel Oil. According to a Punch report, the Edo Refinery and Petrochemical company runs the 6,000 barrels per day plant in Ologbo, Ikpoba, Okha LGA, and Duport Refinery, located in the Egbokor area of the state, is part of the integrated park. The Edo Refinery was financed via a N700 million investment by the government of Godwin Obaseki in 2019 and expanded to 12,000 barrels per day capacity. New refineries springing up to end petrol imports NCDMB reportedly has stakes in the Duport Refinery and is devoted to the facility's expansion. "If all plans go well, Nigeria will meet the target of 1.5 million bpd by 2025 through the various refining investments such as the 650,000 barrels per day Dangote refinery and the Bua Group refinery project," Wabote said. The NCDMB boss listed Waltersmith modular refinery, Duport Midstream refinery, OPAC Refinery, Edo Refinery, Aradel Holdings Refinery, and the 445,000 barrels per day Kaduna and Port Harcourt refineries as projects that would help Nigeria to hit the 1.5 million barrels per day refining capacity goal. "The realization of these projects would culminate in Nigeria achieving a combined refining capacity of approximately 1.5 million barrels per day by 2025," Wabote added. OPEC predicts increased oil production for Nigeria Earlier in October, the Organisation of Petroleum Exporting Countries (OPEC) said that emerging refineries in Nigeria would help lift the country's crude oil output. OPEC revealed that Nigeria is about to witness the establishment of small modular refineries with 20,000 bpd capacity in the medium term. The group revealed this in its World Oil Outlook, launched in Saudi Arabia. The Outlook says Africa will see a medium-term distillation capacity of 1.2 million barrels daily. A significant increase is due to the upcoming 650,000-capacity Dangote Refinery, which is projected to boost Nigeria's capacity. The refinery was officially opened in May 2022 by ex-President Muhammadu Buhari and is slated to begin production in October with the initial plan of refining diesel and aviation fuel and later petrol in November. Petroleum Institute finally completes Its modular refinery, ready to compete with Dangote's Legit.ng earlier reported that the Petroleum Training Institute (PTI) under the Federal Ministry of Petroleum Resources, has announced the completion of its modular refinery with plans to increase its capacity for use in the commercial sector. According to Punch report, PTI, based in Effurun, Delta state, also reportedly teaches artisanal refiners the abilities necessary for processing crude oil. He added that the ministry aids in educating people so that their actions do not negatively impact the environment. [b][/b] 4 Likes 2 Shares
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| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Machinegun91(m): 8:36pm On Oct 31, 2023 |
Fake news 1 Like |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Taylor94: 8:36pm On Oct 31, 2023 |
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| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Atturu: 8:38pm On Oct 31, 2023 |
The OP didn't read the article he shared with us 2 Likes |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by NwaNimo1(m): 8:39pm On Oct 31, 2023 |
Let me forward to Dangote.....  |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Bragalane: 8:40pm On Oct 31, 2023 |
Without any link to back up your claim, I hope this is not an extension of Dangote refinery opening. Gjrich: |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Ttalk: 8:46pm On Oct 31, 2023 |
Atturu: To Obidients, if it is good news it is fake but if it is bad it is legit 8 Likes 2 Shares |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by xband: 8:48pm On Oct 31, 2023 |
But, October is ending today and fuel is being sold above N600 per liter I just hope this news is true. |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by SyrusdeHansome(m): 8:53pm On Oct 31, 2023 |
I hope this is true because i don't want to see our oil sector being monopolized by one greedy capitalist. Enough is enough. We can't continue to please one man and displease the majority of Nigerians. 3 Likes 1 Share |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Gjrich(m): 9:07pm On Oct 31, 2023 |
[quote author=Bragalane post=126724108]Without any link to back up your claim, I hope this is not an extension of Dangote refinery opening.
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| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Gjrich(m): 9:09pm On Oct 31, 2023 |
Ok |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by JASONjnr(m): 9:15pm On Oct 31, 2023 |
1 Like |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Chimarto: 9:32pm On Oct 31, 2023 |
Even if Dangote finish his refinery today fuel won't be cheap.....take his cement as a case study. 1 Like |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by oz4real83(m): 9:42pm On Oct 31, 2023 |
The news is as fake as obaseki's gelegele seaport   1 Like |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by press9jatv: 9:45pm On Oct 31, 2023 |
Gjrich:wow that’s great 2 Likes 1 Share |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Chinjo2: 10:04pm On Oct 31, 2023 |
Though Obaseki didn't do well in area of road infrastructures but as a business man, all his focus was on these two modular refineries which will create jobs for teaming Edo youths. Thank you Mr Governor for this project. Whenever I want to insult you for the bad roads in Edo state, I think of these projects and just keep quiet because to me, they are important than the roads for now. From these projects, the state IGR will increase which will provide more funds for infrastructural development. 2 Likes 1 Share |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Burob: 10:30pm On Oct 31, 2023 |
Machinegun91:Shut up, Oblivious Peasant, in as much as we may dislike Governor Godwin Obaseki, one has to give credit where credit is due. Oshiomole was correct when he made the Judas Governor. 1 Like 1 Share |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by christejames(m): 10:35pm On Oct 31, 2023 |
God bless Obaseki 1 Like |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by MrEverest(m): 10:39pm On Oct 31, 2023 |
Machinegun91: More like propaganda to deceive gullible ones. Firstly, they claimed it 6000 bpd and later claimed they will refine 300,000. They didn't make it clear the 300,000 is their feedstock that would last for long time and not daily production. Foolish people. 1 Like |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Gjrich(m): 10:43pm On Oct 31, 2023 |
MrEverest: Two New Refineries are already working |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by ihatebuhari(f): 10:48pm On Oct 31, 2023 |
Chinjo2:oga stop hyping the urgly governor Nothing like that in Edo. It's fake news |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by bhella10: 6:19am On Nov 01, 2023 |
Edo is in Biafra land |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Guyman01: 6:54am On Nov 01, 2023 |
Ttalk:Obaseki is not a member of APC |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Typing: 7:03am On Nov 01, 2023 |
Machinegun91: Very fake. Edo State invested #700 million in a Modular refinary project. They suddenly start calling it their refinary. Where is that possible? Besides, the modular refinary has never done anything since it was completed |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Typing: 7:05am On Nov 01, 2023 |
ihatebuhari: Ugly and extremely incompetent
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| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Typing: 7:06am On Nov 01, 2023 |
MrEverest: Na fake news. Edo has no refinary |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Typing: 7:17am On Nov 01, 2023 |
Burob: Obaseki is a disgrace to Edo. He is presently the worst Governor in Nigeria. Edo has no refinary. Edo State government only invested 700 million into a privately own modular refinary in Olobo
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| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by joseph1832(m): 8:13am On Nov 01, 2023 |
Gjrich:please post the link to this story. |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Splashme: 11:04am On Nov 01, 2023 |
Welcome Gov Obaseki |
| Re: Edo State Two New Refineries Begin Production, Increased Capacity To 300,000 Bpd by Buccalcavity2: 12:49pm On Nov 01, 2023 |
Doesn't make sense. How do refineries contribute to daily crude production capacities? 1 Like |
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