Oil: Azikel Refinery To Process 12,000bpd by 2019

Oil Pipelines

The capacity of Nigeria to refine petroleum products for domestic consumption is set to rise by 12,000 barrels per day, bpd as Azikel Petroleum, an indigenous company has promised to complete its refinery in 2019, Vanguard reports.

The Federal Government and other stakeholders had earlier looked up to the $12 billion Dangote refinery alone to reduce the nation’s high dependence on imported petroleum products.

But the President of Azikel Group, Dr Eruani Azibapu, disclosed at the foundation laying ceremony of the refinery project in Bayelsa state over the weekend that plans were underway for the completion and coming on stream of the project. 

He stated that: ‘’Azikel Petroleum was awarded the licence for a private refinery by President Mohammadu Buhari Administration. We are extremely grateful and thankful to President Mohammadu Buhari for considering us qualified and granting us the licence to participate in the inaugural private refineries investment in Nigeria.