Obaseki, China SINOPEC Sign 5,500bpd Edo Modular Refinery Deal

Related stories

[Video] Tragedy! UK Bound Air India Crashes, Over 204 Passengers Perish

By Abiola Olawale A catastrophic aviation disaster that happened on...

Seeing Opposition In Disarray Gives Me Pleasure, Tinubu Taunts PDP, LP, Others

By Kolawole Ojebisi President Bola Tinubu on Thursday has stated...

Tinubu Denies Stopping INEC From Registering New Parties

By Kolawole Ojebisi President Tinubu has denied stopping the Independent...

…phase one ready 12 months post-project approval

The Governor of Edo State, Mr. Governor Godwin Obaseki, on Wednesday in China, expanded the portfolio of foreign investments in the state following the signing of a Memorandum of Understanding (MoU) with a Chinese consortium for a 5,500 barrel per day modular refinery in Edo State.

The event is coming hours after a similar MoU was signed with China Harbour Engineering Company Ltd. in Beijing, China, for the development of the Gelegele Seaport in Edo State.

The Chinese consortium that will handle the modular refinery is made up of Peiyang Chemical Equipment Company of China (PCC), a world leading modular refinery company; Sinopec International Petroleum Service Corporation (SIPS) which is a subsidiary of Sinopec, the top Chemical giant in the world and African Infrastructure Partners (AIP), a Nigerian Infrastructural company.

The first phase of the project will be ready within twelve (12) months after all the necessary approvals are granted by the regulatory authorities.

The MoU signing ceremony for the refinery took place at SINOPEC headquarters in Beijing, China, and was witnessed by officials of the Nigerian Embassy in the Asian country as well as staff of SIPS Nigeria, a major local fabrication company, with a branch in Benin City, Edo State.

Speaking at the event, Governor Obaseki, expressed his delight at the local content component of the deal, which will ensure 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 governor assured that the refinery construction will provide jobs for several unemployed Edo youths including the Libya returnees who are being evacuated from the crisis-ridden North African country.

Obaseki added that the modular refinery will solve the problem of inadequate petroleum products in the country and will turn Edo State to the preferred source of petroleum products considering the gateway status of Edo State to other parts of the country.

He expressed deep appreciation to the management of PCC and SIPS reiterating that with their support, Edo State is well on its way to becoming a hub of skilled manpower for the oil and gas industry and give boost to Nigeria’s local content policy.

“With the federal government of Nigeria’s commitment to support communities in the Niger Delta states to set up modular refineries, the SIPS fabrication yard in Benin City is expected to be very busy handling the fabrication jobs of modular refineries in the Niger Delta Region,” Obaseki said.

He pledged that his administration will provide community support to the project, assist in securing all regulatory approvals from the appropriate regulatory authorities such as the federal ministry of petroleum resources.

The Consortium committed to delivering phase 1 of the project within 12 months of receiving the required regulatory approvals.

In addition, PCC also agreed to finance the Demonstration modular refinery up to 70 per cent, thereby assisting in scaling the financing hurdle that has militated against the development of modular refineries in Nigeria.

The project will be executed in two phases; phase 1 consisting of 500bpd demonstration refinery and phase 2 consisting of a 5,000bpd capacity refinery. The PCC will also serve as the Operations and Management company that will manage the refinery before transferring it to the local investors.

The demonstration refinery will serve as proof of concept and to train the indigenes in the management of the refinery.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
[Video] Tragedy! UK Bound Air India Crashes, Over 204 Passengers PerishTinubu Confers National Honours on Yar'Adua, Kudirat Abiola, Ayo Adebanjo, Ken Saro-Wiwa, Humphrey Nwosu, Soyinka, Sam Amuka, Ibru, OthersSeeing Opposition In Disarray Gives Me Pleasure, Tinubu Taunts PDP, LP, OthersTinubu Denies Stopping INEC From Registering New PartiesDemocracy Day: Peter Obi Slams Tinubu for Prioritizing Politics Over the Welfare of NigeriansJune 12: PDP Raises Alarm, Says APC Is Plotting to Impose “One-Party State” on NigeriaDangote Steps Down as Sugar Chairman After Two Decades of LeadershipDemocracy Day: Reject 'Thugs Masquerading As Leaders', Utomi Urges NigeriansHow Nigeria's Money Got Into Foreign Accounts During Abacha's Reign -- Al-MustaphaPanic As Air India Flight To UK With 242 Passengers Crashes Shortly After Take-offADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR AT THE JOINT SESSION OF THE NATIONAL ASSEMBLY IN COMMEMORATION OF DEMOCRACY DAY, 2025The Complexities of DecisionsOshiomhole Breaks Silence on Viral Lagos Airport Clash with Air Peace StaffSEC Blasts CBEX Says it remains Banned in Nigeria, as Crypto Platform2027: Atiku, Obi, El-Rufai, Others Can't Unseat Tinubu, They're 'Bound To Fail' -- Wike
X whatsapp