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Two Edo Refineries Receive Crude From Oza Oil Field - Politics - Nairaland

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Two Edo Refineries Receive Crude From Oza Oil Field by Biodun556(m): 7:40pm On Dec 21, 2023
Operators of Oza oil field, Decklar Resources Inc., and its partner, Millenium Oil & Gas Company Limited, have said they have delivered a total of 75,500 barrels of crude till date to two modular refineries in Edo State.

The two refineries are the Edo Refinery and Petrochemical Company (ERPC) facility in Ologbo, Ikpoba Okha Council, and Duport Midstream Company Limited (DMCL) facility in Egbokor, Orhionmwon Cpouncil in the State.

The Chief Executive Officer of Decklar Resources, Sanmi Famuyide, said the deliveries were part of the contracts with the two companies for the supply of crude for refining.

He said: “Trucking of oil from the Oza Oil Field has continued to the ERPC facility and the DMCL refinery, both located in Edo State, Nigeria. Delivery of a total of over 75,500 bbls has been completed to date, with over 60,000 bbls delivered to ERPC and over 15,000 bbls delivered to DMCL.”

The ERPC is a 6000 barrel per day (bpd) facility that produces diesel, Low Pour Fuel Oil (LPFO), and naptha for use within the country and export.

The refinery was established through the provision of an investment guarantee by Governor Godwin Obaseki government in Edo State, which paved the way for the construction of the refining facility, opening up the petroleum refining sub-sector in the State.


https://guardian.ng/news/nigeria/national/two-edo-refineries-receive-crude-from-oza-oil-field/?utm_term=Autofeed&utm_medium=Social&Echobox=1703179293&utm_source=Facebook&fbclid=IwAR1GFsQ_NoJnehHb28DDd2wlDDetY0gMr3rTBuH0JkFDcS0KtXunRoOHWjQ

13 Likes 2 Shares

Re: Two Edo Refineries Receive Crude From Oza Oil Field by Biodun556(m): 7:40pm On Dec 21, 2023
Gradually

44 Likes 1 Share

Re: Two Edo Refineries Receive Crude From Oza Oil Field by Biodun556(m): 7:40pm On Dec 21, 2023
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Re: Two Edo Refineries Receive Crude From Oza Oil Field by RepoMan007: 7:44pm On Dec 21, 2023
I hope all these news are not just coincidental propagandas. If true, it should sustain the crash in cost of dollar.

48 Likes 2 Shares

Re: Two Edo Refineries Receive Crude From Oza Oil Field by Concman: 7:52pm On Dec 21, 2023
Fuel everywhere

6 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by iluvdonjazzy: 8:01pm On Dec 21, 2023
Pics or IDONBELIEVE

6 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by tunjijones(m): 5:33am On Dec 22, 2023
This one whey all refineries wan start production almost the same time.

E mean say next year go stew b that...

63 Likes 4 Shares

Re: Two Edo Refineries Receive Crude From Oza Oil Field by payaseriy: 5:34am On Dec 22, 2023
Good

2 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by KingKO22: 5:36am On Dec 22, 2023
Glory be to God


Like for Jagaban share for IPOBidients 🤣😂

89 Likes 3 Shares

Re: Two Edo Refineries Receive Crude From Oza Oil Field by Hezmatosky: 5:36am On Dec 22, 2023
Abeg where refinery dey for Edo state? Abi i no read am well?

8 Likes 1 Share

Re: Two Edo Refineries Receive Crude From Oza Oil Field by EmekaBlue(m): 5:36am On Dec 22, 2023
Are you sure it's crude oil...or do u mean engine oil, groundnut oil abi anointing oil

All good though. Make private firms just boom the refineries scattered all of the states to compete with dangote so prices will be competitive to favour the masses

9 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by izubext007: 5:37am On Dec 22, 2023
Dangote go see 👁️👁️ shege.

6 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by AOB1: 5:38am On Dec 22, 2023
grin

1 Like

Re: Two Edo Refineries Receive Crude From Oza Oil Field by b0rn2fuck(m): 5:39am On Dec 22, 2023
We just hope Nigeria get better, the level of hardships on the citizens no be small

5 Likes 2 Shares

Re: Two Edo Refineries Receive Crude From Oza Oil Field by Rekyz(m): 5:39am On Dec 22, 2023
Until I start buying PMS below 300 naira, all these stories are worthless

19 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by SmartyPants(m): 5:40am On Dec 22, 2023
izubext007:
Dangote go see 👁️👁️ shege.

These refineries don't produce PMS and they produce only a fraction of the quantity Dangote can produce. BUA and the national refineries will be more of a threat, but the market is so big outside Nigeria that there's really no threat at all. Everyone will have enough demand to sustain operations.

41 Likes 4 Shares

Re: Two Edo Refineries Receive Crude From Oza Oil Field by seunfly: 5:40am On Dec 22, 2023
I'm happy for Nigeria even though arise will say it is a lie, some people will hate it and hundeyin will say Tinubu is fabricating it.

17 Likes 2 Shares

Re: Two Edo Refineries Receive Crude From Oza Oil Field by SoftP(m): 5:41am On Dec 22, 2023
Q
Re: Two Edo Refineries Receive Crude From Oza Oil Field by GboyegaD(m): 5:42am On Dec 22, 2023
A better way to go. I wish there wasn't so much corruption in ournation. We have great tendency for growth.

3 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by Rekyz(m): 5:42am On Dec 22, 2023
izubext007:
Dangote go see 👁️👁️ shege.
Shege ke? Petroleum demand is f**king high!

11 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by MisterGrace: 5:43am On Dec 22, 2023
cheesy
Re: Two Edo Refineries Receive Crude From Oza Oil Field by jkpbestseries: 5:44am On Dec 22, 2023
cruise
Re: Two Edo Refineries Receive Crude From Oza Oil Field by orohbirodeysmel: 5:45am On Dec 22, 2023
This Edo Wey we dey...okay na...
Anyways with all these stories of refineries up and down...fuel for don come down to at least ₦500 to ₦400

2 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by tunwumi: 5:45am On Dec 22, 2023
Good one

1 Like 1 Share

Re: Two Edo Refineries Receive Crude From Oza Oil Field by martinz1: 5:47am On Dec 22, 2023
Nice
Re: Two Edo Refineries Receive Crude From Oza Oil Field by aieromon(m): 5:48am On Dec 22, 2023
Hezmatosky:
Abeg where refinery dey for Edo state? Abi i no read am well?

ERPC

https://www.youtube.com/watch?v=HELa8Vj9LvA?si=RjcuzYohBM5mjjfr

Duport

https://www.youtube.com/watch?v=arxT7-J201E?si=LKfQtWMjmXJWyPQX

4 Likes 2 Shares

Re: Two Edo Refineries Receive Crude From Oza Oil Field by nairalanda1(m): 5:49am On Dec 22, 2023
Rekyz:
Until I start buying PMS below 300 naira, all these stories are worthless

That means you want the refineries to break down.

Petrol has to be sold profitably from refineries otherwise the refinery would break down

Also subsides by their very nature provide room for mass looting

There is a reason why GSM companies beat up Nitel and Mtel. They were not subsidised. They earned enough profit to build a strong network

16 Likes 1 Share

Re: Two Edo Refineries Receive Crude From Oza Oil Field by nairalanda1(m): 5:50am On Dec 22, 2023
orohbirodeysmel:
This Edo Wey we dey...okay na...
Anyways with all these stories of refineries up and down...fuel for don come down to at least ₦500 to ₦400

Nope. Unless you want a subsidy back, fuel prices are not going to come down

Salaries, taxes, suppliers even the owner of the refinery and any shareholders have to be payed

2 Likes

Re: Two Edo Refineries Receive Crude From Oza Oil Field by Cantona05: 5:50am On Dec 22, 2023
This was oshibajo vision before his father boot him one side.modular refineries through out ss.the bunkrie boys can put their resources together and build small refinery.even it 50b a day.we have chemistry, chemical, petroleum engineering strong hands everywhere

3 Likes

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