Nigeria’s
Oil minister has reiterated federal government’s commitment to completion of Waltersmith modular refinery.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said the federal government would continue to support effort to ensure the take off of Waltersmith modular refinery by May 2020.
Sylva gave the assurance during his inspection visit to the Walthersmith Modular Refinery construction site located in Ohaji/Egbema Local Government Area, Imo State.
The Modular refinery is owned by Waltersmith Petroman Oil Limited (70 %) and Nigerian Content Development and Management Board (NCDMB 30%).
The Phase one of the modular refinery and the ground breaking ceremony of the Phase two is expected to hold in May 2020.
The modular refinery after completion is expected to deliver 30,000 barrel per day.
The Minister said that his visit was to inspect the project which had reached completion status of over 90 per cent
He also commended the NCMDB for executing the project partnership wholly owned by Waltersmith Petroman Oil Limited with a key equity investment from the board.
He pledged the commitment of the Federal Government of Nigeria in ensuring that the expected completion date and refinery operations commencement date of May 2020, was achieved.
Mr Simbi Wabote, the Executive Secretary, NCMDB said that the partnership the board forged with Waltersmith Petroman Oil Limited had clearly shown the power in public-private investment