₦airaland Forum

Arrival of the Crude Distillation Unit (CDU) and other major refinery completion components for the Azikel Refinery at the Onne Seaport in Rivers State has marked a significant milestone in the realization of one of Nigeria’s largest privately-owned refinery projects located at Obunagha-Gbarain in Yenagooa Local Government Area of Bayelsa State.

The Crude Distillation Unit, regarded as the heart of every refinery, serves as the central processing facility through which petroleum products are distilled and refined. The massive components, measuring about 250 feet in length and weighing approximately 135 tonnes, arrived aboard a specially chartered vessel alongside other critical equipment, including Naphtha Reactors, gasoline distillation towers, crude heaters and other final installation components.

The development is seen as a major boost for Bayelsa State, which has for decades contributed significantly to Nigeria’s economy through crude oil production but has continued to experience limited industrial infrastructure.

The Azikel Refinery project is expected to stimulate economic growth, create employment opportunities and strengthen Nigeria’s local refining capacity. The project has also been described as a landmark indigenous industrial investment capable of transforming the economic landscape of the Niger Delta.

Commendations have continued to trail the resilience and commitment of Dr. Azibapu Eruani and the management of Azikel Group for driving the refinery project to its present stage, with many describing the refinery as a lasting legacy of indigenous enterprise and industrial development in the region.

As movement of the refinery components from the seaport to the Bayelsa project site begins in the coming weeks, expectations remain high among residents over the socio-economic benefits the refinery is expected to deliver upon completion.

12,000 barrels per day (BPD). Once fully operational, this modular refinery is engineered to produce approximately 1.3 to 1.5 million liters of petrol (Premium Motor Spirit) daily. It will also produce significant volumes of diesel, aviation fuel, and heavy fuel oil utilizing Bonny sweet light crude and Gbarain condensate as its primary feedstock.

Gotocourt:
Advantage of subsidy removal. The state and Rivers will access cheaper fuel

Ohibenemma:
We need more of this... especially as the government owned refineries keep producing gallons of water.

tctrills:
How come fuel is not cheap in Lagos despite Dangote refinery?

Javid13:
Dr Eruani...Silent bayelsa billionaire who got married to my class girl.

Antoeni:
Dangote Will Not Like This Progressive Development

Javid13:
Dr Eruani...Silent bayelsa billionaire who got married to my class girl.

Gotocourt:
Do you know how much we buy down north with shitty adjusted pump.

Gotocourt:
Advantage of subsidy removal. The state and Rivers will access cheaper fuel

Princecalm:
Jul 29, 2015

The Nigerian National Petroleum Corporation has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month rehabilitation exercise conducted by its in-house engineers and technicians.

The corporation, in a statement, noted that both plants commenced preliminary production of petroleum products after successful test-runs, adding that while PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day capacity, WRPC production was projected to hit 80 per cent of its installed 125,000bpd capacity.

The NNPC said the Port Harcourt refinery was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day, while Warri refinery would contribute 3.5 million litres of petrol.

Providing insight into the rehabilitation exercise, the NNPC noted that it had to adopt the phased rehabilitation strategy after the Original Refinery Builders, who were initially contacted for the project came up with unfavorable terms.

It said, “Though a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries, we were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms.”

The NNPC stated that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.

It added that the proxies were also unwilling to provide post rehabilitation performance guarantees.

The corporation said, “The phased rehabilitation strategy which entailed phased and simultaneous rehabilitation of all the refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law, also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”

The national oil firm said the phased rehabilitation programme, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs which helped largely in mitigating the financing challenges of refinery rehabilitation.

It observed that with the successful re-streaming of the PHRC and WRPC, attention has now moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company which was billed to come on stream soon.

http://www.punchng.com/news/pharcourt-warri-refineries-commence-preliminary-operations-nnpc/

saintopus:
Dec 06, 2024
The PH Refinery ships its first export of petroleum products to Dubai.
The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.

The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.

Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.

The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.

The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.

Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (CPP) imports are already decreasing, dragging imports into the wider West Africa region lower as well.

https://guardian.ng/energy/nnpc-begins-export-from-ph-refinery-as-dubai-firm-buys-first-cargo/

PDPdestroyer:
So, not only Lagos ports are working, as Obidients want us to believe is the reason they can’t leave Lagos

jojothaiv:
Hopefully, we will get this one right.

Competition is actually a good thing for business.

anonimi:
Neo-black Problem: Must Blacks Be Ruled by Whites in Order to Prosper?

In short, the neo-black dilemma may be framed as follows: is it better to live under white rule without political dignity but with basic life-sustaining standards for many;

or to live under black rule with illusory political dignity and without basic life- sustaining standards for the majority?
@
@
The path forward for Africa lies in cultivating higher and adequate levels of personal and communal agential integrity as well as full personal responsibility and productivity. Not to mention creativity (including epistemic creativity), productive justice (such as merit and freedom), harmony and reconciliation at local and international levels, and a proper domestication of capitalism and other related values and institutions.

Africa must stop wasting her time on dreams of socialism because it is a system of wealth distribution primarily. Whereas, capitalism is a system of wealth creation primarily, and wealth has to be produced before it can be distributed.

https://www.thisdaylive.com/index.php/2024/10/12/neo-black-problem-must-blacks-be-ruled-by-whites-in-order-to-prosper/

anonimi:
How Indorama sustains manufacturers, boosts Nigeria’s FX earnings

Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.

The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.

Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.

The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.

The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.

https://businessday.ng/real-sector/article/how-indorama-sustains-manufacturers-boosts-nigerias-fx-earnings/

TheDemola:
They should employ firefighters o