Lagos Refinery to Begin Production Next Year

Nigeria’s Commercial Capital, Lagos state is set to be the new oil hub  in the near future as Integrated Oil and Gas Limited on Tuesday confirmed that its 20,000 bpd modular refinery is on course and will be coming on stream in 2017.

This comes shortly after another oil company, Yinka Folawiyo Petroleum confirmed that its Aje oil field has begun to pump out crude oil.

Mr Enyeribe Anyanwu, Manager, Media Relations/Corporate Affairs at Integrated Oil and Gas,  in a statement said: “The modular refinery which is located at Tomaro Island off the coast of Apapa port zone is expected to come on stream next year,”

The Guardian reports that the chief executive officer of the company, Mr Emmanuel Iheanacho, after a screening meeting with the Environment Unit of the Department of Petroleum Resources (DPR), said every necessary step was being taken to ensure that the refinery was delivered on schedule.

A former Minister and respected Business man,Iheanacho said the meeting was part of the imperatives for the acquisition of the Environmental Impact Assessment Report (ESR) and other approvals for the refinery.

According to him, the meeting looked at the Front End Engineering Designs (FEED) of the refinery where the Crude Distillation Unit (CDU) was explained and analysed to the DPR.

The environment manager at DPR, Mr Adeniyi Balogun, told newsmen that he was satisfied with the progress of work on the refinery project. He added that the DPR was willing to grant all necessary approvals as soon as the company and its consultants addressed some issues raised by the DPR team.

Balogun also expressed the federal government’s desire to encourage the establishment of more private refineries in order to end the problem of fuel importation and its associated depletion of Nigeria’s scarce foreign exchange.

Source – Guardian