Home Business Wabote: Edo Refineries Set to Enhance Nigeria’s Capacity

Wabote: Edo Refineries Set to Enhance Nigeria’s Capacity

Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board, recently emphasized the substantial potential of the Edo Refinery and Duport Midstream Refinery in contributing to Nigeria’s refining capacity. Wabote shared this insight at the third Biennial International Conference on Hydrocarbon Science and Technology in Abuja, hosted by the Petroleum Training Institute. The theme of the conference was ‘The future of the oil and gas industry: opportunities, challenges, and development.’

Both refineries in Edo State, namely the Edo Refinery and Petrochemical Company in Ologbo, Ikpoba Okha Local Government Area, and the Duport Refinery within an integrated energy park in Egbokor, Orhionmwon Local Government Area, have shown promising progress. Together, they recently procured 300,000 barrels of crude from the Oza oil field and are actively producing diesel, naphtha, and Lour Pour Fuel Oil.

The Edo Refinery, initially backed by an investment of N700m from the government led by Governor Godwin Obaseki in 2019, is presently undergoing an expansion to increase its capacity to 12,000bpd. Notably, the NCDMB has a vested interest in the development of the Duport Refinery and is dedicated to its expansion.

Wabote expressed confidence in Nigeria’s potential to reach the target of 1.5 million bpd refining capacity by 2025. He highlighted various ongoing projects such as the 650,000 barrels per day Dangote refinery, the Bua Group refinery project, the Waltersmith modular refinery, Duport Midstream refinery, OPAC Refinery, Edo Refinery, Aradel Holdings refinery, as well as the existing refineries in Kaduna, Warri, and Port Harcourt, which collectively contribute 445,000 barrels per day.

According to Wabote, the successful completion of these projects will enable Nigeria to achieve a combined refining capacity of approximately 1.5 million barrels per day by 2025.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

BusinessGlobal News

New Year: Dr. Olaosebikan Felicitates Stakeholders, Calls FG To Stem Tide Of Insecurity

The chief executive officer of McEnies Global Communications, Dr. Omolaraeni Olaosebikan, has...