NNPCL To Site 10,000 BPD Condensate Refinery In Edo

The Nigerian National Petroleum Company Limited (NNPCL) has decided to locate a 10,000 barrels per day condensate refinery in the Oredo/Orhionmwom axis of Edo State.
The location of the refinery, according to Edo Government sources was informed by the large deposit of gas and crude oil in the area. They said when completed the refinery could load 20 trucks of petrol and 10 trucks of diesel every day.
“When the refinery is completed within 24 to 36 months, it will position Edo State as a major energy and industrial hub in the South-South region of the country, reinforcing investors’ confidence as an investment destination in Nigeria and the sub-Sahara Africa.
“It also aligns with the governor’s aspiration and views to industrialize the State and also increase employment for Edo people,” a government official said after the NNPCL team visited Governor Monday Okpebholo recently.
The NNPCL team was led by the Executive Vice President of NNPC limited Downstream investment Services Alhaji Mumuni Dagazau.
Addressing Governor Okpebholo on the reasons for their visits, Alhaji Dagazau thanked the governor for receiving them assuring the Edo State government that NNPC is committed in partnering with the government in bringing a condensate refinery to the State.
Alhaji Dagazau described the condensate refinery as a sustainable project aimed not only at revenue generation but also at job creation, industrial growth, and the overall development of Edo State.
According to him, “I know the project is long awaited following our several meetings. We are working to ensure that it’s a long time sustainable project. The project we are looking at is not just in terms of revenue but the long-term values it will bring to the State especially in the chain of the oil and gas industry.
“Our commitment is based on what you are doing in Edo State. We have confidence in your developmental stride and you are a counterpart on the path of progress”.
Speaking on the projects overview and strategic context, Chief Downstream investment officer Mr. Ikedichi Dick-Nwoke, said the project is looking more viable with the extra work done by the team internally to re-validate the project.
He noted that the project is a 10,000 barrel per day (bpd) condensate refinery as it will be utilizing the gas plant already owned by NNPCL. “On average, this refinery will give us an excess of 20 trucks of premium motor spirit (PMS) and 10 trucks of Automotive Gas Oil (AGO) which will be sold into the immediate location.
“It’s a small refinery but cides products into its immediate environment and assured of more product security for the State as against products coming from outside the State”.
Furthermore, Dick-Nwoke said Oredo and Oben are the benefiting areas where the refinery will be located and it will create 400 direct and indirect skilled jobs during the construction which will last within 24 to 36 months.
“The Edo State government’s proposed five percent participation under a Land-for-Equity arrangement accepted in principle. Engagement is ongoing to finalize equity participation and governance structure.
“400 direct and indirect skilled jobs per refinery will be created during the construction. Improved commercial activities such as local patronage in hoteling, food and other essential commodities, improved domestic petroleum product supply upon operations and enhanced Foreign Direct Investment (FDI) inflows into Edo State”.
Gov Okpebholo expressed the readiness of his administration to collaborate with the management team from NNPC in ensuring the refinery projects come into reality in the State.
He said, “We are delighted to welcome this major investment to Edo State. My administration is committed to creating jobs and reducing poverty. This is a huge step for Edo, and we are proud to be part of it.”
The governor added that the state government would provide land, Certificates of Occupancy, security, and all other necessary logistics to facilitate the project.