Construction of Greenfield Refineries to Commence July 12

This Day

21 December 2011

Construction of Greenfield Refineries to Commence July 12

It emerged Tuesday that construction works on the much-awaited three Greenfield Refineries in Lagos, Bayelsa and Kogi States will commence in July 2012, one year behind schedule.

THISDAY also gathered that the plants are still to be built in Brass in Bayelsa and Lokoja, Kogi State capital, as originally planned.

However, the plants in Kogi and Bayelsa will now have the capacity for 100,000 barrels per day (bpd) each, while the one to be located in Lekki, Lagos, will have the capacity for 200,000 bpd.

The Nigerian National Petroleum Corporation (NNPC) and the China State Construction Engineering Corporation (CSCEC) Limited in May, last year, signed an agreement for the joint sourcing of funds for the construction of the three new Greenfield Refineries and a petrochemical plant in Nigeria under a $28.5-billion provisional deal.