See more as another Nigerian refinery ready to compete on fuel production

• The owners of Edo Refinery person announced an 80,000-barrel enlargement of the refinery's accumulation capacity
• The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved the expansion
• With this increase, the refinery volition present vie with the Dangote Refinery and others successful substance production, including AGO (Automotive Gas Oil)

Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The absorption of AIPCC Energy, owners of Edo Refinery, disclosed plans to grow the installation by 80,000 barrels per day.

The refinery, located successful Koko, a borderline municipality betwixt Edo and Delta State, tin nutrient diesel, naphtha, and substance gas, among others.

Edo refinery gets support to summation capacity Photo credit: Pius Utomi Ekpei
Source: Getty Images

According to a connection made disposable to journalists by Segun Okeni, Head of Technical Operations astatine Edo Refinery and Petrochemical Company Limited (ERPCL), the institution is moving towards exporting its archetypal cargo from the refinery by May 2025.

Big plans for Edo refinery

The institution besides stated that by the clip the works is completed, the upstream regulator would person allocated crude to the refinery done the home crude proviso obligation.

The connection reads:

"We are pleased to denote the palmy mill acceptance trial conducted by the NMDPRA connected the crude distillation file for our 80,000-barrel-per-day refinery enlargement successful Koko, Delta State.We expect exporting the archetypal cargo from this refinery by May 2025, pursuing the appraisal trial conducted from September 18 to 24, 2024.The Koko enlargement volition nutrient by-products specified arsenic AGO, HPFO, naphtha, and substance gas. The task is owned by AIPCC Energy, the aforesaid institution down Edo Refinery. By then, mechanical completion, the pre-start-up information audit, and commissioning volition beryllium finalised."

Legit.ng earlier reported that the NMDPRA had issued an operational licence to Edo Refinery and Petrochemical Company Limited successful Ologbo, Ikpoba-Okha Local Government Area of Edo State.

The issuance of an operational licence is the last signifier of support from the regulatory authority, meaning the works tin present afloat run arsenic a refinery.

Azikiel Refinery concludes plans to rotation retired petrol

Legit.ng earlier reported that the president of Azikel Group, operators of the Azikel Modular Refinery successful Bayelsa, Azibapu Erunani, has disclosed that the installation is unsocial arsenic it is the lone 1 successful Sub-Saharan Africa to refine condensate successful summation to petrol, diesel, and aviation fuel.

He disclosed this connected Tuesday, October 8, 2024, erstwhile the Bayelsa State governor, Duoye Diri, visited the refinery analyzable successful Yenogoa.

Erunani said the installation is worthy implicit $850 cardinal and has astir 400 overseas and section employees.

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Source: Legit.ng