Nigerian President Muhammadu Buhari will inaugurate the 5,000-barrel per day modular refinery in Ibigwe, Imo State on Tuesday, as well as perform a ground-breaking ceremony for the second and third phases of construction.
Led by Waltersmith Refining & Petrochemical Co. and the Nigerian Content Development and Monitoring Board, the modular refinery is part of the Federal Government’s efforts to reduce costs associated with fuel importation; augment local refining capacity of petroleum derivatives; establish Nigeria as a regional refining hub; and spur direct and indirect job creation through downstream and industrial industry.
Special guests in attendance will include H.E. Senator Hope Uzodinma, Executive Governor, Imo State; H.E. Chief Timipre Sylva, Minister of State for Petroleum Resources; and Adbdulrazaq Isa, Chairman, Waltersmith Group, among other key government officials and industry stakeholders.
With a crude oil storage capacity of 60,000 barrels, the modular refinery is expected to produce approximately 271 million liters of refined petroleum products annually, including diesel, kerosene, heavy fuel oil (HFO) and naphtha.
The first 5,000-bpd module will be followed by 25,000-bpd and 20,000-bpd modules, which will enable the production of premium motor spirit (PMS), aviation fuel and liquefied petroleum gas (LPG).