Buhari orders regular crude supply to modular refineries

By AdvocateNews on 25/11/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 760


...Commissions Watersmith Refinery in Imo

President Muhammadu Buhari yesterday ordered the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) to ensure regular crude supply to Watersmith and other modular refineries in the country to enable them operate optimally

He also directed all other relevant agencies not to starve the modular refineries of all resources including condensate to operate.

Buhari gave the order during the virtual commissioning of Watersmith’s 5,000 barrels per day (bpd) Modular Refinery and ground breaking for the 45, 000 bpd refinery at Ibigwe Field, Ohaji Egbema Council Area of Imo State.

He said the modular refineries represent four key policy roadmap rolled out by his administration last year aimed at reducing importation of petroleum products.

The president, who expressed delight commissioning the refinery, described it as the largest modular refinery in the country.

He stated that the refinery was an important part of the economic reform which the country was currently undergoing, expressing happiness that the refinery had created thousands of direct and indirect jobs in the downstream subsector.

While congratulating the people of Ohaji Egbema and Imo State, Buhari expressed optimism that the refinery would bring prosperity and economic development to the area.

The state Governor Hope Uzodimma described the refinery as the first ever privately owned refinery in Nigeria and first to be sited in the state and congratulated Watersmith for its dogged determination in changing the narrative from public sector driven to private sector driven economy.

He regretted that previous administrations since 1999 had granted licence for individuals to establish refineries but none worked.

He said: “It took the sincere determination of President Muhammadu Buhari to make local refineries. President Buhari is simply working the talk as a man providing visionary leadership for the country. He’s making Nigeria great again. Buhari is making deliberate attempt at creating jobs. This is one of such attempts and this will help the nation cut down importation of petroleum products.”

The governor appealed to the Federal Government “not to kill this refinery by starving it of raw materials” promising to do everything within his power to protect the investment.

He advised oil companies operating in the state not to cut corners to avoid aggravating hostilities from host communities.

“Oil companies should be alive to their corporate social responsibilities and ensure that all the rules of engagement are adhered to. We thank Watersmith for creating a value chain by building a refinery, industrial cluster and electricity within the host community.”

Minister of State, Petroleum Resources, Chief Timipre Silva said the commissioning was a gradual reduction in importation of petroleum products.

This, he said, was one of the reasons the administration deregulated the downstream sector, adding that the government was doing this to allow the sector sanitise itself.

He reiterated government’s commitment at getting the country back to the previous years when the country was net exporter of refined petroleum products.

Silva, who disclosed that the sector would provide over 500, 000 jobs, assured that the NNPC and DPR would provide all the necessary support to ensure the refinery expands 5,000 to 50, 000 bpd.

Posted 25/11/2020 05:52:30 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
2019 Election: PDP attacks Buhari over comment on...

Security, welfare, rural development my priority in second...

Security: Ugwuanyi’s actions commendable – Senator Nnamani

Certificate scandal: Group writes Buhari to demand sack...

Police storm church, arrest pastor for allegedly collecting...

Constitution Amendment: Enugu ready for House of Reps...

Murder of Enugu Nurse: Court acquits, discharges suspects...

Court strikes out Nnamani’s N5.3bn charge, EFCC to...

Finally, MFM recovers stolen U.S. Church Branch, bank...

PDP Rep asks Secondus to resign immediately

You can’t kill to please God, says Buhari...

NDLEA recovers 548,000 tramadol tablets, arrests Anambra drug...

 

Latest News 2023: Enugu Gov Ugwuanyi will choose successor - Sen Nnamani Reject report of Enugu Judicial Panel on Police Brutality, member urges Gov. Ugwuanyi Wife of popular hotel owner allegedly drugs, stabs him to death Ex-Kogi Poly Bursar, Dr. Adamu to be buried January 29 Infidelity: Gospel singer Sammie Okposo tenders public apology, suspends self from ministry Mercy Aigbe gives new husband three hot romantic names Fuel subsidy: NLC suspends planned nationwide protests Ebonyi govt declares fmr. Reps member wanted over statement on facebook 2023: Don’t elect people above 70 as president – Makinde warns Nigerians PRODA crisis deepens as agency DG, Board, Ministry clash Hanifa’s school proprietor arraigned, remanded till February Reps majority leader welcomes 28th child ... expects to have 30 by 2023

 

Most Read Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (264,502 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (264,501 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (264,501 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (264,501 views) Sickle cell support group seeks government intervention (264,500 views) Ebonyi bans embalming of corpses in homes (264,500 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (264,499 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (264,498 views) ASUU strike: Senate intervention ends in deadlock (257,282 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (256,202 views) All you need to know about Peter Obi, PDP VP Candidate (198,262 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (196,615 views)

 

 

SECTIONS EDITORIAL (21) NEWS (7,872) FAITH (158) POLITICS (498) SOCIETY (133) SPORTS (62) BUSINESS (376) HEALTH (60) EDUCATION (51) ENTERTAINMENT (58) INTERNATIONAL (188) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (42)

 

 


There are no video entries posted yet.