NNPCL secures land for new 10,000-barrel-per-day refinery in Edo State
The Nigerian National Petroleum Company Limited (NNPCL) has taken steps to establish a new refinery in Edo State after receiving a Certificate of Occupancy (C-of-O) from the state government.
Edo State Governor, Monday Okpebholo, presented the certificate to NNPCL’s Executive Vice President, Downstream, Alhaji Mumuni Dagazau, at the Government House on Friday.
Dagazau thanked the governor for supporting the proposed investment in the state.
Okpebholo said the move was part of his administration’s efforts to attract investors, increase government revenue and create jobs for residents.
The proposed 10,000-barrel-per-day condensate refinery will be located in Oredo and Orhionmwon Local Government Areas of the state.
According to reports, the refinery is expected to supply 20 truckloads of petrol and 10 truckloads of diesel daily. The project is scheduled for completion within 24 to 36 months.
The development comes at a time when Nigeria’s state-owned refineries in Port Harcourt, Warri and Kaduna remain non-functional, despite their combined capacity of 445,000 barrels per day.
Meanwhile, NNPCL, under its Group Chief Executive Officer, Bayo Ojulari, has announced plans to adopt a technical equity partnership model for the rehabilitation and operation of the country’s state-owned refineries.
The Federal Government, through NNPCL, has reportedly spent nearly ₦11 trillion on the turnaround maintenance of the refineries.
