Minister of state for Petroleum Resources (Oil), Heineken Lopkobiri says the best way to address the country’s energy problem is to encourage the establishment of Modular Refineries.
The minister who stated this when he alongside the management of Nigerian Content Development and Monitoring Board, NCDMB, visited the Waltersmith Petroman Oil Limited, at Ibigwe in Imo state, maintained that the Federal Government is committed to ensuring that all state modular refineries are functional.
The Waltersmith Petroman Oil Limited, a Modular Refinery at Ibigwe in Imo state which has begun production with partnership from Nigerian Content Development and Monitoring Board, NCDMB is looking forward to expand its production.
The minister of state for petroleum resources, Heineken Lokpobiri who commended the work at the refinery said for government to invest, investors must have proven records of success.
On the timeline given to state modular refineries to begin production, the minister of state for petroleum resources, said the government will ensure that state owned refineries are ready as promised to Nigerians by the National Oil Companies.
The Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Simbi Wabote said the partnership with Waltersmith Petroman Oil Limited is a success.l
On his part, Chairman of Waltersmith Petroman Oil Limited Abdulrazak Isah said the refinery which produces, diesel and kerosene among others is planning of expanding up to 40,000 barrels per day from the present 5000 barrels of oil per day.
The Waltersmith Petroman Oil Limited which was commissioned in the year 2020 currently produces 5000 barrels of petroleum products per day.