President Muhammadu Buhari says the construction of modular
refineries in Nigeria will make petroleum products available in the
country and eliminate importation.
Buhari said this during a virtual inauguration of the 5,000
barrels per day (bpd) Waltersmith modular refinery in Ibigwe, Imo
state and ground-breaking ceremony for the second phase to expand
the refinery’s capacity to 50,000bpd.
![image](/2020/11/NWLR-1.jpg")
He said deployment of modular refineries was one of the four key
elements of his administration’s refinery roadmap rolled out in
2018, adding that its implementation will make Nigeria a net
exporter of petroleum products.
”The realisation of the refinery roadmap will ultimately lead us
to becoming a net exporter of petroleum products not only to our
neighbouring countries but to the worldwide market,” Buhari
said.
”This is the largest commissioned modular refinery in the
country today.
”The role played by the federal government through the Nigerian
Content Development and Monitoring Board (NCDMB) in going into
collaboration with Waltersmith Refining and Petrochemical Company
is novel in concept and superb in delivery.”
WalterSmith Petroman Oil Limited owns 70 percent of the
Refinery, while NCDMB holds 30 percent equity on behalf of the
Federal Government.
He directed ministry of petroleum resources, Department of
Petroleum Resources (DPR), Nigerian National Petroleum Corporation
(NNPC), and other relevant government agencies to provide
Waltersmith with all necessary support to access crude oil and
condensate feedstock for timely delivery of the additional
capacity.
He hoped that the construction of the second phase will create
bigger additional employment opportunities than the first
phase.
He pledged that the refinery will bring prosperity and economic
development to the host community.
Buhari commended NCDMB for making the public-private partnership
(PPP) a success and Waltersmith for their professionalism and focus
in getting the project completed.
Hope Uzodinma, governor of Imo, and Timipre Sylva, minister of
state for petroleum resources, cut the tape on behalf of Buhari at
the event.
Others who attended the event on ground, were Mele Kyari, group
managing director of NNPC; Simbi Wabote, executive secretary of
NCDMB; and Abdulrazaq Isa, chairman of Waltersmith.
President Muhammadu Buhari says the construction of modular
refineries in Nigeria will make petroleum products available in the
country and eliminate importation.
Buhari said this during a virtual inauguration of the 5,000
barrels per day (bpd) Waltersmith modular refinery in Ibigwe, Imo
state and ground-breaking ceremony for the second phase to expand
the refinery’s capacity to 50,000bpd.
He said deployment of modular refineries was one of the four key
elements of his administration’s refinery roadmap rolled out in
2018, adding that its implementation will make Nigeria a net
exporter of petroleum products.
”The realisation of the refinery roadmap will ultimately lead us
to becoming a net exporter of petroleum products not only to our
neighbouring countries but to the worldwide market,” Buhari
said.
”This is the largest commissioned modular refinery in the
country today.
”The role played by the federal government through the Nigerian
Content Development and Monitoring Board (NCDMB) in going into
collaboration with Waltersmith Refining and Petrochemical Company
is novel in concept and superb in delivery.”
WalterSmith Petroman Oil Limited owns 70 percent of the
Refinery, while NCDMB holds 30 percent equity on behalf of the
Federal Government.
He directed ministry of petroleum resources, Department of
Petroleum Resources (DPR), Nigerian National Petroleum Corporation
(NNPC), and other relevant government agencies to provide
Waltersmith with all necessary support to access crude oil and
condensate feedstock for timely delivery of the additional
capacity.
He hoped that the construction of the second phase will create
bigger additional employment opportunities than the first
phase.
He pledged that the refinery will bring prosperity and economic
development to the host community.
Buhari commended NCDMB for making the public-private partnership
(PPP) a success and Waltersmith for their professionalism and focus
in getting the project completed.
Hope Uzodinma, governor of Imo, and Timipre Sylva, minister of
state for petroleum resources, cut the tape on behalf of Buhari at
the event.
Others who attended the event on ground, were Mele Kyari, group
managing director of NNPC; Simbi Wabote, executive secretary of
NCDMB; and Abdulrazaq Isa, chairman of Waltersmith.