₦airaland Forum

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.

Jazzafizzy:
Guy I'm not from Edo state but live and work in benin , let's just pray make Dem no set am alight

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.

id2019:
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

Keemsleek005:
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.

Kindledlight:
I know your type I won’t indulge in unnecessary rants with you but i think you need the acid first.

RingRoadMafia:
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

pinacole1:
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.

id2019:
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

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


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

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


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

operationmoses:
This one looks more like a fuel Depot

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.

smirn:
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.

NaMe4:
Calm down. I have personally been to these sites including the Azura Power Plant around the Eyaen Axis.

I'll open a thread with pics and videos from the power plant.

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.

operationmoses:
This one looks more like a fuel Depot

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.

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!!!

integrity16:
Lie lie obaseki.

eseosa77:
You are the liar here! You are seeing pics and videos you still call it lies.. You are a mumu man!

RingRoadMafia:
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