Where is modular refinery in Nigeria?
Godwin Obaseki, governor of Edo state, says the modular refinery located in Ologbo, Ikpoba–Okha LGA, is ready for production. The refinery was developed by two Chinese firms: AIPCC Energy Limited and Peiyang Chemical Equipment Company Limited.
What are modular refineries?
A modular refinery is a simplified refinery requiring significantly less capital investment than traditional full-scale refinery facilities. The initial process, or Crude Distillation Unit (CDU) allows for simple distillation of crude oil into low octane naphtha, diesel, kerosene and residual fuel oil.
How much does it cost to build a modular refinery?
Specifically, how much does it cost to have a modular refinery? It depends on if you want to refine 1, 000, 2, 000, 3, 000 barrels per day. The more you want to refine at a given time the costlier the refinery will be. However, they range from $100m to $200m depending on the specification of what you need.
Who owns the modular refinery in Imo State?
Nigerian President Muhammadu Buhari has welcomed the launch of the Waltersmith modular refinery, in Ibigwe, Imo State, and the groundbreaking for the second phase. The first phase of the Waltersmith plant has 5,000 barrels per day of capacity. The second phase increases this to 50,000 bpd.
How many modular refinery do we have in Nigeria?
13 modular refineries
In 2018, the federal government granted licences for 13 modular refineries.
Do modular refineries produce petrol?
The modular refinery with an initial capacity of 5,000bpd is expected to deliver 271 million litres of refined petroleum products a year. The crude oil storage capacity of the refinery is approximately 60,000 barrels. The petroleum products produced in the refinery include diesel, naphtha, heavy fuel oil, and kerosene.
How many modular refineries does Nigeria have?
Nigeria has five refineries. The federal government owns four through its controlling stake in the Nigerian National Petroleum Corporation. The NNPC is responsible for regulating and developing the oil and gas sector.
Can modular refineries produce petrol?
The Nigerian market for petroleum products is about 50 percent of light to medium products such as petrol. Modular refineries are unable to produce light petroleum products in this category.
Which is the biggest refinery in Nigeria?
The country’s largest refinery controlled by Aramco is the Ras Tanura Refinery, which has a production capacity of 550,000 barrels per day.
Is any refinery working in Nigeria?
There are currently five (5) refineries in Nigeria; of which four (4) plants are owned by the Nigerian Government through the Nigerian National Petroleum Corporation (NNPC), while the fifth is owned and operated by Niger Delta Petroleum Resources (NDPR).
How many modular refineries are in Nigeria?
In 2018, the federal government granted licences for 13 modular refineries.