THE Nigerian Content Development and Monitoring Board, NCDMB, in collaboration with Waltersmith Petroleum Oil Limited, will on Tuesday, September 15, host Lai Mohammed, minister of information and culture, at the Modular Refinery located at Ibigwe, Ohaji-Egbema Local Government Area of Imo State.
The 5000 barrels per day modular refinery is being developed with an equity investment by the NCDMB, in line with its vision to catalyse the development of critical oil and gas infrastructure and ensure optimal in-country hydrocarbon utilisation.
Simbu Kesiye Wabote, executive secretary of NCDMB, had explained that the importance of the Board’s investment initiative in modular refineries and related oil and gas projects include: Increase local refining capacity; create employment opportunities; provide refined petroleum products to consumers within the state, and nearby states and, curb illegal refining and its environmental incidence.
The minister and his team are touring notable projects across the country as part of the Federal Government’s efforts to spotlight transformational achievements recorded under President Muhammadu Buhari’s administration.
The NCDMB’s investment in the Waltersmith modular refinery was executed in June 2018 and actual development started soon after. The project has progressed significantly and was slated for commissioning in May 2020, before the outbreak of the Coronavirus pandemic.
– Sept. 14, 2020 @ 14:25 GMT |