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FG ready to tackle fuel import, inaugurates modular refineries in Imo

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By Gabriel Chy Alonta

The federal government has disclosed readiness to end the country’s fuel importation quagmire as well as occasional petroleum products scarcity through establishment of more modular refineries in the country.

President Muhammadu Buhari made the declaration yesterday during the virtual inauguration of the 5,000 barrels per day Waltersmith modular refinery in Ibigwe, Imo state, as well as the ground-breaking ceremony for the Phase-2 works to expand the capacity of the refinery to 50,000 barrels/day.

According to a statement issued by the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, President Buhari said the deployment of modular refineries was one of the four key elements of his administration’s refinery roadmap rolled out in 2018, adding that its implementation would make Nigeria a net exporter of petroleum products.

He expressed delight that Waltersmith refinery in Ohaji Egbema local government area of Imo state was coming on stream within two years of the commencement of the roadmap, after many years of granting licenses for the establishment of modular refineries with nothing to show for it.

The statement reads in part: ”Furthermore, there is increased momentum in the other three focus areas under the roadmap, covering the rehabilitation of existing refineries, co-location of new refineries, and construction of Greenfield refineries.

”The realisation of the refinery roadmap will ultimately lead us to becoming a net exporter of petroleum products, not only to our neighbouring countries but also to the worldwide market. This modular refinery is the largest commissioned modular refinery in the country today.

”The role played by the federal government through the Nigerian Content Development and Monitoring Board (NCDMB) in going into collaboration with Waltersmith Refining and Petrochemical Company is novel in concept and superb in delivery.”

The president further described plans to commence the expansion of the capacity of the refinery to 50,000 barrels per day to refine crude oil and condensates as an important part of economic reforms the country is undergoing.

“President Buhari, therefore, directed the Ministry of Petroleum Resources, Department of Petroleum Resources (DPR), NNPC, as well as all relevant government agencies to provide Waltersmith Company all the necessary support to access crude oil and condensate feedstock for the timely delivery of the additional capacity.

“In line with his administration’s agenda on jobs creation, the president said he was pleased to note that hundreds of direct and indirect jobs were created during the construction of the first phase of the project in addition to the various business opportunities.

“Equally, he expressed hope that the construction of the second phase of the project will create additional employment opportunities,” reads the statement.

Governor Hope Uzodinma of Imo state and the Minister of State, Petroleum, cut the tape on behalf of the president at the event, which was also attended by the Group Managing Director of NNPC, Mele Kyari; the executive secretary, NCDMB, Engr. Simbi Wabote and the chairman of WalterSmith, Abdulrazaq Isa.

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