• May 16, 2021

#Oil: Edo Refinery Applies to NNPC for Crude Supply

(AGENDAWATCHDOG) – With the Edo Modular Refinery nearing completion, it has applied to the Nigerian National Petroleum Corporation for the supply of crude for use in the phase one development of the facility.

The ERPC, in a statement by its Chairman, Michael Osime, said the refinery had reached an advanced stage of

development where the operators have to introduce hydrocarbons to the facility.

Osime said discussions were also ongoing with marginal field owners for crude supply as the refinery was designed to use various grades of crude.

He noted that while the Operation and Management of the facility was being carried out by Peiyang Chemical and Equipment Company of China, there were plans to train Nigerians over a short period to take over the operations of the facility.

The AIPCC Energy Limited, which is developing the refinery, is a joint venture between PCC and African Infrastructure Partners Limited.

Osime said, “Following the gains in the first phase of the refinery, AIPCC Energy Limited has commenced plans to build 30,000 barrels per day refinery as an expansion.

“On expansion, the refinery would increase the refining capacity in Nigeria and meet 18 per cent of the local demand for diesel in Nigeria.”

The Edo Modular Refinery is an offshoot of the Governor Godwin Obaseki-led administration’s drive to reset the state’s economy for industrial growth.

Source: Punch

POTENTIAL IMPACT: The Edo Modular Refinery will expand Nigeria’s refining capacity, meet 18 per cent of the local demand for diesel in Nigeria, create jobs and generally boost the country’s economy.

Agenda Watchdog

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