Akwa Ibom State To Partner With Investors Towards Building A Refinery

Akwa Ibom State To Partner With Investors

Towards Building A Refinery

Akwa Ibom State To Partner With Investors Towards Building A Refinery

The Nigerian National Petroleum Corporation NNPC, on Wednesday, said it had engaged investors to establish a refinery in Akwa Ibom State. Dr. Maikanti  Baru Speaking at the Petroleum and Natural Gas Senior Staff Association of Nigeria’s PENGASSAN, Triennial Retreat/Synergy workshop in Uyo, Akwa-Ibom State. Vanguard News

Group Managing Director of NNPC  Dr. Maikanti  Baru, said the state was well-positioned geographically to have a refinery. It is in this light that I encouraged the investors to come and see the state government and discuss.

Baru explained that although the preferred location of the investors was not Akwa Ibom State, but he had convinced them to consider establishing the refinery there, to leverage, especially on the state’s deep coastline. He called on the Akwa Ibom State Government to support Investors towards establishing the refinery in the state.

The downstream industry in Nigeria is well established. NNPC has four refineries, two in Port Harcourt (PHRC), and one each in Kaduna (KRPC) and Warri (WRPC). The refineries have a combined installed capacity of 445,000 bpd. A comprehensive network of pipelines and depots strategically located throughout Nigeria links these refineries.

Speaking further Baru called on industry players to brace up for change in the sector, while he stressed that the current state of the international energy market, the urgent need to rehabilitate the nation’s refineries as well as the Petroleum Industry (Governance) Bill currently being considered by the National Assembly, were dire challenges, necessitating that the industry charts a new course.

Baru emphasized that navigating these challenges successfully required strong, purposeful and focused leadership from stakeholders in an industry where changing regulatory and macroeconomic realities are imminent.

He seized the opportunity of the event to commend the Petroleum & Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the Nigerian Union of Petroleum & Natural Gas Workers, NUPENG, for their role in ensuring harmony in the nation’s Oil and Gas Industry, saying this has helped stabilize petroleum products supply across the country.

This is evident in your pragmatic approach to issues, your support during difficult times as well as strategic engagement with industry stakeholders which has not only guaranteed industrial peace and harmony, but has also ensured the stable supply of petroleum products across the country,  Baru stated.

He assured that NNPC Management would continue to accord priority to staff welfare and ensure that staff are trained to face the current realities of the industry. Baru, who congratulated PENGASSAN for a successful delegates’ conference, also urged them to chart a new course for the Union and the oil and gas industry that is hinged on greater collaboration for improved productivity and innovative ideas towards growth and development.

Also speaking, Akwa Ibom State Governor, Mr. Udom Emmanuel, said the State Government had been working hard towards attracting private investors to build a refinery in the state. Emmanuel, who was represented at the occasion by one of his top special advisers, Pastor Umoh Bassey, urged oil companies in the country to deploy more resources to sustainable Corporate Social Responsibility (CSR) projects in their host communities, while he further extolled the strategic role of PENGASSAN in moving the nation’s economy forward.

The Governor challenged the industry unions to partner with their employers in the area of capacity building for the betterment of the industry.

Agbayi Paschal

Sales Executive

Epoxy Oilserv Limited

www.epoxyoil.com

Email:paschal.agbayi@epoxyoil.com

Mobile:+234-7065131380 or 07084158325

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