As part of
the current efforts by the FG to reduce the volume of imported refined
petroleum products, promoters of a privately owned refinery in Nigeria,
currently disclosed plans to commence building a 107,000 barrel per day (bpd)
refinery in Okporoma, Southern Ijaw Local Government of Bayelsa State,
according to reports by Business Day.
The
refinery, called Epic refinery, and operated by the Epic Refinery Group, is expected to commence operations in the next
12 months and is licensed by the Department of Petroleum Resources (DPR) with
licence number: PI/ES/MSF/6239/S.233/292, dated June 15, 2015.
Speaking to
newsmen in Lagos recently, the president/CEO of the Epic Refinery Group, Barango
Mathew Wenke Jnr, said that “Epic refinery in terms of production volume is the
third in the list after Dangote’s refinery and another unnamed refinery and
serious work is been put in place to bring the project alive in the next 52
weeks”.
Barango also
informed that “the project team would be inaugurated soon in Abuja, after which
the project team will start engaging the operators, DPR and the registered
contractors in the company’s head office in Yenegoa, Bayelsa State, to decide
the way forward, he said that the production volume will be divided into phases
of 30,000bpd to enable the company run the refinery effectively he said”.
Furthermore,
the Epic boss said that the Epic Group also has interest in setting up petro-chemical,
power generation and agro-allied industries to produce fertilizer, among
others, but the priority is also setting up the refinery first. He moreover
added that the refinery would sit in between two oil producing giants; Shell
and Agip, therefore would be assured of the quality of the raw materials.
No comments:
Post a Comment