Beginning In March, The Edo Refinery Will Increase Its Capacity To 21,000 bpd
The 6,000 bpd plant of the Edo Modular Refinery, which the Edo State government supports, is located near Ologbo in the Ikpoba Okha Local Government Area. The plant can manufacture 500,000 liters of diesel, 300,000 liters of naphtha, and 200,000 liters of low-pour fuel oil (LPFO) from its feedstock. The Oza Oil Field’s operator, Decklar Resources Inc., and its joint venture partner, Millennium Oil & Gas Company Limited, provided the company with its initial delivery of 10,000 barrels of crude feedstock.
A Memorandum of Understanding between the state government and Edo Refinery and Petrochemical Company Limited (ERPC) allowed for the development of the refinery (MoU). According to a statement released by the firm on Tuesday, phase II of the project, which adds 12,000 bpd of capacity and raises the output maximum to 21,000 bpd, will be finished in March 2023. Along with the Duport Refinery, which is run by Duport Midstream Company Limited, the Edo Modular Refinery is the first of two refinery projects in the state.
The two modular refineries were drawn to the state due to Governor Godwin Obaseki-led administration’s careful reforms to increase investment inflow and promote industrialization. As a result, 10,000 barrels of crude oil were delivered from Decklar and Millenium to the Edo Refinery in accordance with the terms of the sales contract, for which an invoice was made and payment was received.