President Muhammadu Buhari is expected to this week commission a new petroleum refinery located at Ibigwe, in Imo State.
According to a post on the Presidency’s verified Twitter’s handle, the refinery, which was put together by Walter Smith Limited, is partly owned by the Federal Government following investment by the Nigerian Content Development and Monitoring Board (NCDMB).
According to the company, the refinery project is divided into two phases: “The Phase-1 is the delivery of 5,000 BPD Modular capacity refinery that is strategically located near the existing flow station and will process the circa 6,000 bpd currently produced by the upstream business to the readily available market in the south-eastern part of Nigeria.
“It is expected to contribute about 271 million litres of refined products including Diesel, Naptha, HFO and Kerosene annually to the domestic market and create both direct and indirect jobs particularly within the host communities.
“The Phase-2 is the delivery of 25,000 BPD crude and condensate refinery; an upgrade on the 5,000bpd modular refinery. The project is still at an early stage of development but is designed to produce the following products: gasoline, diesel, LPG, kerosene and aviation fuel”.