Minister of State for Petroleum Resources, Timipre Sylva
The Minister of Petroleum Resources, Timipre Sylva has disclosed that the first hydro-skimming private modular refinery with a capacity of 12,000 barrels of crude oil per day, is at 75 per cent completion.
The Azikel refinery built by businessman, Dr Azibapu Eruani is located in Yenagoa, Bayelsa State capital.
The Company’s spokesperson Austin Ebipade, in a statement issued on Wednesday, said the Minister, during an inspection of the refinery, had expressed the Federal Government’s commitment to reversing Nigeria’s status as a net importer of refined petroleum products.
He said the Azikel hydro-skimming refinery is a massive visionary and pragmatic quest to facilitate the Federal Government’s objectives towards attaining self-sufficiency in the production of refined products such as petrol, diesel, aviation fuel and liquified petroleum gas (LPG).
“The Azikel Refinery is set to actualise the ‘export’ of refined products from Bayelsa State to other states in the Nigerian federation, with daily production of 1.5 million litres of petrol, one million litres of diesel 500,000 litres of kerosene and aviation fuel, thereby reversing of the stigma of Nigeria, the world’s fifth-largest producer of crude oil being a net importer of refined products,” the statement quoted him to have said.
ALSO READ: 20 OOUTH laboratory staff, four others contract coronavirus in Ogun
Also, he stated that the administration’s vision to industrialise the Niger Delta, boost infrastructural development and facilitate employment-creation is being dynamically actualised through the innovation.
According to him, the Azikel Refinery through the additional workforce will encourage hundreds of youth towards the acquisition of vocational skills needed to fill the paid and self-employment slots being rapidly created by the refinery.
He commended the Nigerian Content Development Monitoring Board (NCDMB) in the development of the project.
Also, he lauded the participation of the Nigeria National Petroleum Corporation (NNPC), Nigerian Agip Oil Company (NAOC), Total Nigeria and Shell Petroleum Development Company of Nigeria (SPDC) for the supply of feedstock for the Azikel refinery.
On his part, Dr Eruani, President of Azikel Petroleum refinery applauded the Buhari-led administration for granting a license to the company.
He assured that the Company will: “work assiduously towards actualising the Buhari administration’s objective of industrialising the nation, creating positive economic multipliers, including jobs for the youth and other Nigerians.
“The Azikel Refinery is only a subsidiary that genuinely mirrors the patriotism and innovations of the Azikel Group.”
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
More Shocks As Unemployment Data Exposes Misery Status Of Nigerians
BEFORE now, economic and finance experts found it difficult to assess the healthy nature of the labour market and how to measure the impact of government policies targeted at creating jobs because of lack of real time labour data. But on Friday, August 14, 2020, the concerns were only slightly eased as the National Bureau of Statistics (NBS) published second quarter (Q2):2020 labour statistics, the first report since Q3:2018…
MONDAY LINES: Obasanjo’s (D)Art Of Condolence
Ben Guriano of The Washington Post described them in 2018 as ‘taboo enforcers.’ These are trolls seeking to upend truth and subvert facts about the life and times of the dead. ‘Do not speak ill of the dead’ came originally from a Spartan philosopher, then it was latinated by the Romans to read De mortuis nihil nisi bonum – and got spread around the world like Chinese viruses. The black man, as in all cases, contracted the no-no and turned it into a religion, got drunk with it and won’t mind killing for it…
2.4 Million Households To Benefit From FG’s Stimulus Package — Presidential Aide
TO ensure food security for citizens, at least 2.4 million households will benefit from the Federal Government’s post-COVID-19 stimulus package, a presidential aide says. Dr Andrew Kwasari, Senior Special Assistant (SSA), to the President on Agriculture, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. Kwasari spoke against the backdrop of projects anchored by the Nigerian Economic Sustainability Committee (NESC) to secure the economy against the effects of COVID-19…
SERAP Demands Withdrawal Of Broadcasting Code Seeking To Sanction Contents ‘Insulting’ Leader
THE Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari, urging him to “urgently instruct the Minister of Information and Culture, Mr Lai Mohammed, and the National Broadcasting Commission (NBC) to withdraw the apparently illegal broadcasting code and memo threatening to sanction any broadcast that denigrates, disrespects or insults the president, governors…
Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Monday warned the…
As the airlift operation of Nigerian pilgrims to this year’s Hajj in the…
Dr. Moses Ogunleye, the Managing Director, MOA Planners Limited and former President, Association of Town…
The Federal Government has raised N1.093 trillion through sovereign Sukuk issuances to fund the…
The Concept of Locus Standi In law generally, a plaintiff approaching the court for any…
Says pace of growth needs to accelerate further Says inflation to fall to an…
This website uses cookies.