Business Hilights
Tracking Nigeria's Headline Business News Online

Advert space

Advert space

Edo modular refinery seals crude purchase contract for operations

The Edo State Governor, Godwin Obaseki, has said the Edo Modular Refinery, being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government, is ready for operations. Obaseki stated this shortly after the Managing Director in charge of the refinery, Tim Tian, conducted him round the facilities. According to the governor, “We travelled to China last three years to sign this Memorandum of Understanding (MoU); I am very impressed that work has moved at such an astounding speed, in spite of the delay caused by the COVID-19 outbreak. “The plant is ready to receive crude oil; it is ready to process and deliver products. They have done the pre-commissioning with the Department of Petroleum Resources (DPR).

They have certified the refinery as ready for production. “What we have left now is to finalise the crude oil sale contract; these facilities have to get a certain type of crude from the Escravos line and that is being finalised. I hope that before the end of August, we should start lifting products from these facilities,” he said. Also, the traditional ruler of Ologbo community, Owen Akenzua, said that he is glad that a project of such magnitude is sited in his community.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More