Jan 10, 2018: Edo State Governor Godwin Obaseki has expanded the portfolio of foreign investments in Edo state with the signing of a MoU with a Chinese consortium for a 5,500 barrel per day modular refinery to be built in Edo state, at SINOPEC headquarters, in Beijing China.
The Chinese consortium that will handle the modular refinery is made up of Peiyang Chemical Equipment Company of China (PCC), a world leading modular refinery company; SINOPEC International Petroleum Service Corporation (SIPS) which is a subsidiary of SINOPEC.
SINOPEC International Petroleum Service Corporation (SIPS) is the top chemical giant in the world. The consortium also include African Infrastructure Partners (AIP), a Nigerian Infrastructural company.
The first phase of the 5,500 barrels per day modular refinery will be ready within twelve (12) months after all the necessary approvals are granted by the regulatory authorities.
The signing of the MoU was witnessed by officials of the Nigerian Embassy in the Asian country as well as staff of SIPS Nigeria, a major local fabrication company, with a branch in Benin City, Edo State.
The local content component of the deal, will ensure that Edo citizens are trained in welding, refinery operation and fabrication work to enable them participate in the construction of the refinery as well as its operation, and post-commissioning.
The construction of the modular refinery will provide jobs for several unemployed Edo youths including the Libya returnees in Edo State.
The modular refinery will solve the problem of inadequate petroleum products in the country and will turn Edo State to the preferred source of petroleum products considering the gateway status of Edo State to other parts of the country.
With FG’s commitment to communities in the Niger Delta states to set up modular refineries, the SIPS fabrication yard in Benin City, will be very busy handling the fabrication jobs of modular refineries in the Niger Delta Region.
Press Release from the Office Of Edo State Governor Godwin Obaseki.