A $50 million modular refinery with a 5000 capacity barel per day was on Thursday commissioned in Akwa Ibom State. The refinery which is a model to boost deficit of fuel in the country Ikwe- Onna Refinery is sited in Onna Local Government Area of the state. Performing the ground breaking, the minister of state for petroleum resources, Mr Ibe Kachukwu who was assisted by the Akwa Ibom State governor, Mr Udom Emmanuel commended the effort of company saying the federal government was ever ready to support such gesture. He said such initiative following due process will always be encouraged by the federal government to ensure that the challenges of crude oil refining becomes a thing of the past. On his part the minister of Science and Technology, Dr Ogbonaya Onu said the federal government will “want to encourage local content. The federal government is assisting any entrepreneur, innovation, technology and partnership that the private sector has and they want to come in with federal government, the government is very pleased about it and will support the initiative of the company”. The minister who was represented by Mr Ini Nya of the Technology Incubation Centre, in an interview said, “there are always policies in place for the establishment of refineries and except you have all these policies in place and pass through the due process before you start anything otherwise the federal government will be very angry with whatever you are doing.

Slowly,as the river kip flowing,south kips on moving on

Waitoooo,am i d only one loving this??,it's so simple on sighting and 5k bpd,not bad 4 a start,and one funny thing about naija is the vantage of being a the first to hit the ground while others follow in profit making.

Good One

wow good news for my L G