Wednesday , 25 April 2018

Azikel refinery to add 12,000 bpd to Nigeria’s refining capacity

Nigeria may be close to tackling its fuel scarcity challenge as Azikel Petroleum has concluded plans to add additional 12,000 barrels per day, bpd to the nation’s refining capacity by 2019.

The President of Azikel Group, Dr Eruani Azibapu, disclosed at the foundation laying ceremony of the refinery project in Bayelsa state over the weekend that plans were underway for the completion and coming on stream of the project.

‘’Azikel Petroleum was awarded the licence for a private refinery by President Mohammadu Buhari Administration. We are extremely grateful and thankful to President Mohammadu Buhari for considering us qualified and granting us the licence to participate in the inaugural private refineries investment in Nigeria.

‘’Our name plate licence is 12,000 barrel per stream day (BPSD) hydro-skimming refinery. The gesture was in line with the federal government policy to liberalize the petroleum sector by allowing the establishment of private refineries to participate in the downstream sector.

‘’This Federal Government initiative when fully crystalised by all licenses will largely support the nation’s refining capacity to end fuel scarcity, short supply, price hike and importation into the country and hopefully position Nigeria as a net exporter of refined product in the near future.

‘’The development of the refinery is into aspects viz; Outside Battery Limit (OSBL). This is clearing of the virgin swamp forest, de-stumping, sand filling to reclaim and regenerate the land, the concrete perimeter fencing, internal roads, security building, on-going administrative, terminal operational building, loading gantry, piling and construction/ installation of storage tank/pilling and other ancillary support facilities. We have also completed offsite 150 unit apartments of residential accommodation for staffs. We have achieved a near 45% completion of the OSBL.

‘’Inside Battery Limit (ISBL): This is the Engineering Procurement and Fabrication of the Process modules or the core refinery engine. This portion of the project is being handled offshore in the United States by our contracting and technical partners. This stage had also attained advanced stage of near 65% completion.

The president stated that: ‘’the project has many partners, including Basic Equipment USA, MUC Oil and Gas, Middle East, Geo-Technical Survey, Oil Project, USA, Axens Engineering, DSC Dredgers and JLS Capital., adding that Azikel Refinery would be the first conversion green-field refinery built in Nigeria since the mid-70s, and it would enjoy operational advantages in the competitive oil sector.

‘’Azikel Refinery will  refine Bonny Light Crude Oil and Condensate to produce Premium Motor Spirit (PMS), Kerosene, Jet A-I, Diesel, LPG and Heavy Fuel Oil, among other by products.  We will reverse net importation of refined petroleum products, add value to Nigeria crude oil, and proffer solution to decades of problems limiting the nation’s capacity to improve fuel production, which has become the nightmare of successive leaders.’’

‘’The Governor of Bayelsa State has been a keen supporter of this project and has ensured all Government machineries are working amicable with us for the development of the project.

‘’I want to thank the Governor HE Henry Seriake Dickson who will be issuing the certificate of Occupancy of this refinery project in today’s programme.  Our Special Guest of Honour, Former President of the Federal Republic of Nigeria; Chief Olusegun Obasanjo, has been a passionate  promoter of this project, he has promoted us before the international finance institution and other international agencies on the credibility of Azikel Group and the project. Our international support is been largely endeared by him. President Obasanjo is here in person to perform the historic Foundation Laying Ceremony of the Azikel Refinery Project.’’

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