In Edo State in Nigeria, the modular oil refinery run by 2 Chinese companies plans to increase its crude oil production to 60,000 barrels per day (bpd). Enough to help cover the country’s diesel needs and improve the living conditions of local populations.

In Nigeria, the Edo modular refinery, developed by a consortium of AIPCC Energy and Peiyang Chemical Equipment Company, will increase its crude oil production from 6,000 to 60,000 bpd.

The 1 st phase is almost complete and will aim for a production ratio of 1,000 bpd comprising 55% diesel, 38% fuel oil and less than 7% naphtha. The second will target a ratio of 6,000 bpd with a long-term objective of 60,000 bpd.

“Some of the products will be exported to increase foreign exchange earnings. We will be able to cover over 80% of Nigeria’s diesel needs. This is the vision we have for the next five years, ” said Segun Okeni, Head of Quality, Health and Safety Community Relations at AIPCC Energy.

With this investment, the people of Edo will benefit from significant job creation, improved income and reduced pressure on other refineries.

Recall that the Nigerian government has granted licenses for 38 modular refineries of which 2 were launched in 2018 while 8 others are at various stages of completion.

Source: Agence Ecofin