Obaseki Reforms: Edo Refinery Orders 150,000 Barrels Of Crude To Meet Rising Demand For Products In Downstream Oil Sector

The Edo Refinery has placed an order for the supply of 150,000 barrels of crude from Decklar Resources Inc and Millennium Oil and Gas Company to meet the demand of its growing clientele base, as demand for its products spike in the downstream sector of Nigeria’s oil industry.

The refinery was developed by the Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Governor Godwin Obaseki-led state government through a Memorandum of Understanding (MoU).

The crude is sourced from Oza Oil Field, which is operated by Decklar Resources Inc and Millenium Oil and Gas Company Limited.

The Edo Refinery is a 6,000bpd capacity plant, which is being expanded to 21,000bpd. The facility with its feedstock can produce 50 per cent of diesel (500,000 litres), 25 percent of naphtha (300,000 litres) and 20 percent of Low Pour Fuel Oil (LPFO) (200,000) litres.

Chief Executive Officer (CEO) of Decklar Resources Inc., Sanmi Famuyide, in a statement, said “Decklar and Millenium are at an advanced stage of executing a new 150,000 bbls crude oil sale and purchase agreement with ERPC, which is expected to include terms for invoicing and payment after the delivery of each cargo of 10,000 bbls of crude oil.”

He added: “We are very pleased that payments for the sale of crude oil from the Oza field continue to be received. Deliveries to ERPC in Edo State are ongoing on a consistent basis, and the anticipated doubling of the contracted truck fleet is expected to enable the Company and our co-venturer Millenium to increase the volume and consistency of deliveries of oil to market.

“The additional trucking capacity is also expected to create opportunities for additional delivery of crude oil to other potential customers in the near term.”

Good one! More states should invest in this sort of infrastructure.

Propaganda

Where in Edo State is it located?

Parachoko:
Propaganda

Where in Edo State is it located?

Bad belle people and unbelievers, here it is oooo.....

The Edo Modular Refinery is located at Ologbo, in Ikpoba-Okha LGA

Okowa don swallow delta money. No refinery for delta boys and girls. Make una dey manage una keke driving. Begin train your child from small in keke driving. By the time them don old small, them go be expert. Generational tins. Grandparents, parents, children, grandchildren, expert in keke driving. No be beans.

Obaseki is our man and we are ready to vote for all PDP candidate... From top to bottom

Dmarxist:
Obaseki is our man and we are ready to vote for all PDP candidate... From top to bottom

Oba ugly lost his ward 2 weeks ago, are you sure you are mentally stable?

This is one of the numerous legacy of Governor Godwin Obaseki....You can relegate a man who knows the pressing needs of the people..

If every state has refinery they can buy crude from NNPC refined and sell to their respective states.

Nice one his Excellency Governor Godwin Obaseki, keep doing the good work of infrastructure in our state. Vote PDP candidates into the house of assembly. PDP all the way.

This is one of the major achievements of this administration, a huge booster to us as Edolites

Obaseki is already writing his name on gold with this landmark achievement. Indeed, Edo no be Lagos.

God bless Governor obaseki for his developmental projects

Massive project

And he didn't really make noise about it like dangote refinery.

He better shout out, so people know he is working. I mean if other states had invested in refinery by now we shouldn't be importing petrol.

Wow!!! this is massive.Thank you for this generational investment that will reduce unemployment among our youths and petroleum scarcity in our state.
You are indeed a blessing to Edo State

.

LET HIM PAY THE GRATUITIES OF RETIRED PRIMARY SCHOOL TEACHERS TOGETHER WITH PENSION SALARY THIER ARREARS.....AND EDO PEOPLEWILL GLADLY SEE HIM IN FUTURE AS ANOTHER PETER OBI

Edo is working and will continue to work. Go and Verify Edo is working.

I have always said it that a man who knows he's onions goes about his work diligently. Such is a man like Governor Obaseki. We can not over emphasize he's far reaching commitment to better the life of the Edo people by instituting major developmental investment hence, creating a source of wealth for the future of the Edo People.

Edo state gradually turning into industrial hub under Governor Obaseki.

Parachoko:
Propaganda

Where in Edo State is it located?

There are even two refineries in Edo, the other is at Orhionmwon LGA, while the third is one the way

EvangDrGeo:
LET HIM PAY THE GRATUITIES OF RETIRED PRIMARY SCHOOL TEACHERS TOGETHER WITH PENSION SALARY THIER ARREARS.....AND EDO PEOPLEWILL GLADLY SEE HIM IN FUTURE AS ANOTHER PETER OBI

He pays pension regular, and the payment of arrears has been approved, the payment is in batches

Obaseki is a generational leader. Posterity will remember how he transformed Edo

Franklinadaz:


There are even two refineries in Edo, the other is at Orhionmwon LGA, while the third is one the way

I know about the refineries

But I didn't know any of them have been completed

VOICINGOUT:



Bad belle people and unbelievers, here it is oooo.....

The Edo Modular Refinery is located at Ologbo, in Ikpoba-Okha LGA

And why is it not producing PMS?

Dreal1247:
Obaseki is already writing his name on gold with this landmark achievement. Indeed, Edo no be Lagos.

How can Edo be Lagos? Edo cannot even be a shanty in Lagos.

Obaseki is a godsent governor to the people of Edo State, he has done more than what the media is talking about! All Obaseki Projects are lifetime Projects

Thanks your excellency for making Edo a Hub of investment venture.

Better governor, doing everything APC failed to do. WE are voting PDP

0m0luabi:
and you are senselessly shouting propaganda oloriburuku

Nah your useless father be oloriburuku