The Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) on behalf of Edo State government would source crude oil supply for processing from the Escravos crude oil supply line, the Edo State Governor, Godwin Obaseki has said.
The governor, who spoke during an inspection visit to the facility located in Ologbo, Ikpoba – Okha Local Government Area of the state said the crude sales agreement is being finalized in readiness for commencement of production scheduled for August this year.
The project is being implemented with support from the state government.
“What we have left now is to finalize the crude oil sales contract. These facilities have to get a certain type of crude oil from the Escravos crude oil supply line. That is being finalized at the moment. I hope that before the end of August, we should start lifting refined petroleum products from these facilities,” the governor said.
Obaseki said the Department of Petroleum Resources (DPR) has certified the refinery as ready for production, noting that the plant is fully set to receive products.
The 6000 barrels per date Edo Modular refinery is an initiative of the Governor Godwin Obaseki-led administration, which was facilitated with the release of N700 million as renewable preference shares in the Edo Refinery and Petrochemical Company.
The major products to be sold are Diesel, Naphtha and Low Pour Fuel Oil (LPFO) and work is ongoing to expand the plant to refine 20,000bpd.
MEDIATRACNET With the harmonized draft Petroleum Industry Bill (PIB) awaiting President Mu…