Three modular refineries are set to come on stream before the end of this year providing a capacity to refine over 20,000 barrels per day of crude oil, raising hope that the country could one day cut its import of refined products.
Waltersmith Refining and Petrochemicals modular refinery with a capacity to refine 5000 barrels per day which secured a key equity investment from the Nigerian Content Development and Monitoring Board (NCDMB) is expected to be launched in September this year instead of the second quarter of the year as expected.
The company’s refining business is divided into two phases: Phase 1 is the delivery of 5,000 BPD Modular capacity refinery located near the existing flow station and will process the around 6,000 bpd currently produced by the upstream business to the readily available market in the south-eastern part of Nigeria, the company said…..for further reading, click on https://businessday.ng/energy/oilandgas/article/completed-modular-refineries-ignite-hope-of-an-end-to-petrol-imports/
SOURCE: BusinessDay Newspaper Aug 4,2020.