The Refinery phase II is a stand-alone 25,000bpd condensate refinery at an advanced stage of project development, having completed a feasibility study and front-end engineering design (FEED) and initiated the EPC contract tendering process.
The formal groundbreaking was carried out simultaneously with the commissioning of our Phase I on the 24th of November 2020. It has a scheduled completion period of 24 months from the groundbreaking date.
The project is still at an early stage of development but is designed to produce the following products: gasoline, diesel, LPG, kerosene, and aviation fuel.
The Refinery Phase III will be the addition of a 20,000-bpd refinery to bring the combined capacity of the complex to 50,000 bpd.
The product slate will be expanded to include PMS and LPG. Furthermore, considering the 4.1 million barrels of oil Africa consumes per day, the refinery will cater to the macro-objective of domestic refining, which can boost the export promotion and import substitution strategy of the Federal Government of Nigeria by supplying the regional market, thereby generating further FX and providing several thousands of new direct and indirect direct and indirect jobs.
We aim to become the nation’s segue to full industrialization and domestic energy security, thereby setting up a great energy transition.