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Nigerian refinery to produce 10,000 barrels



NGX Seeks dollar

The head of Waltersmith Group, Abdulrazaq Isa, mentioned that they are working hard to make sure the second phase of its refinery project starts soon.

If completed it will double their daily capacity from 5,000 to 10,000 barrels of crude oil.

Isa shared this information when the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, visited the refinery project site in Ibigwe, Imo State.

His words:

“We have customers from as far as Sokoto and from all over the country. It is obvious to us that the current capacity is so limited. That is why we are working very hard to conclude the next phase and ramp up the capacity.

“We expect the Phase Two to come onstream by June 2025”, Isa told reporters after conducting the Minister of State for Petroleum Resources round the facility”.

”Our target is to achieve 40,000bpd capacity in the shortest possible time and that is where we are headed.”


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