Refinery

The Chairman of Waltersmithe Group, Abdulrazaq Isa has said that his company’s Modular Refinery will contribute about 2.7 billion litres of petroleum products annually to the nation’s total consumption of 27 billion petroleum products which is about 10 percent of Nigeria’s demand. This huge contribution is expected to come from the company’s combined phase 1 plant with 5, 000 barrel ...

President Muhammadu Buhari Tuesday said the establishment of modular refineries in the country will make petroleum products available in the country and eliminate importation. The President spoke at the virtual inauguration of the 5,000 barrels per day Waltersmith modular refinery in Ibigwe, Imo State, as well as the Ground-Breaking Ceremony for the Phase-2 works to expand the capacity of the ...

There are strong indications that top Nigeria Iinvestors are pushing and lobbying the new administration to sell Kaduna and Warri Refineries by early next year as there are likelihood that both refineries will not meet the three month deadline set for the refineries by the new Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Director, Dr Emmanuel Ibe Kachukwu. ...