Fidelity bank card banner Emerald Energy Institute Camano banner

Investors relocate 100,000bd Brownfield refinery from Turkey to Nigeria

By Chineme Okafor, Abuja on 15/08/2018

Gmail icon

Views: 833


A brownfield refinery with a production capacity of 100,000 barrels per day (bd) and formerly owned by BP Plc is expected to be relocated from Turkey to Nigeria and co-located alongside the Port Harcourt Refinery, the Nigerian National Petroleum Corporation (NNPC) disclosed on Tuesday in Abuja.

The NNPC in a statement from its Group General Manager, Public Affairs, Mr. Ndu Ughamadu, said the relocation of the refinery was part of the refinery co-location initiative designed by the federal government to boost local refining capacity.

The statement explained that the Group Managing Director of NNPC, Dr. Maikanti Baru, disclosed this development in an interview he granted an in-house newsletter of the corporation – the NNPC News, in which he spoke on efforts by the corporation to help Nigeria end its reliance on imported petroleum products.

“Our co-location initiative aimed at getting private sector investors to bring in brownfield refineries so that they can share facilities is also yielding results. For example, there is one that is going to be brought in from Turkey to be located near the Port-Harcourt Refinery.

“It’s not a modular refinery; it’s a normal refinery with about 100,00bpd capacity. It was owned by BP, but it has been sold off now to the companies that want to bring it over from Turkey to install it here,” the statement quoted Baru to have said in the interview.

Baru noted that the investors had commenced the process of relocating the refinery to be installed near the Port Harcourt Refinery under the co-location initiative, adding that a similar plan to establish a brownfield refinery near the Warri Refinery was also in the offing.

“There is another one of about the same size being looked at to be sited near the Warri Refinery. But the one for Port-Harcourt is at a more advanced stage. Our drive at the NNPC, as a leader in the industry, is to expand our local refining capacity and make Nigeria a global refining hub,” the corporation’s helmsman stated.

Sourced from a THISDAY report

Source News Express

Posted 15/08/2018 04:53:37 AM

 

 

CLASSIFIED ADS

 

You may also like...
2019: Court orders INEC to field APC candidates...

Senate to seal all avenues of revenue leakages,...

7th Nigerian Breweries Golden Pen Award holds Friday...

Governing councils of federal universities not dissolved —Presidency...

Leadership Tussle: Fire guts 15 shops, 10 vehicles,...

Calabar Monorail ready for commissioning —Ayade

Imo Polls: Hope Uzodinma rejects governorship result, heads...

Boko Haram victims survive on barter in IDP...

Nigerians dying of hunger under Buhari — Babatope...

Bayelsa Polls: 14 parties condemn electoral fraud in...

Speeding vehicle kills Ex-Daily Times MD

NSCDC secures court order to sell seized vessels,...

 

Latest News Disquiet in Aso Rock as Osinbajo’s fate hangs Has Osinbajo been reduced to condolence Vice-President? By Fredrick Nwabufo Court asked to sack new NDDC Chairman, MD 29 bodies found in plastic bags How we will capture Kogi, retain Bayelsa in Nov — PDP Abuja ‘bitcoin kidnappers’ yet to be arrested — Security sources Chemical weapons: FG warns producers, marketers Akwa Ibom eyes 5,000 new jobs following partnership with IOCs Police tackle serial murders in Rivers hotels Sapele youths rally against cybercrime •Reject corruption, Yahoo Yahoo NNPC, Shell, Belema resolve dispute over oil well Fall of a star: How Yale graduate, Wall Street banker and entrepreneur fell from grace to become homeless in America

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (541,285 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,338 views) Shameless Genevieve Nnaji exposes breasts in public (389,680 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (326,839 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (294,861 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,725 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (249,889 views) 10 cars more expensive than Jets (238,560 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,585 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,622 views) Lagos plane crash: Journalist releases victims’ names (195,956 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,541 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,449) Business Verdict (80) Columnists (1,109) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (664) Features (812) Global Business Monitor (442) ICT Monitor (63) International (3,960) Interview (203) Live Commentary (30) Love Matters (170) Maggie's Blog (414) News (51,436) Opinion (1,360) Pidgin (17) Politics (11,450) Religion (1,102) Sports (2,169) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera