President Muhammadu Buhari on Tuesday inaugurated a medium-sized refinery in Ibigwe, Imo State.
The Ibigwe refinery will process 5,000 barrels a day, the president said on his Twitter account.
The president launched the refinery online and said work would begin on expanding the plant to produce 50,000 barrels a day.
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According to Waltersmith, the refinery has a crude oil storage capacity of 60,000 barrels and is expected to deliver about 271 million litres of refined petroleum products, including diesel, kerosene, heavy fuel oil (HFO), and naphtha, per annum to the domestic market and create both direct and indirect jobs particularly within host communities.
He wrote on Twitter:
This afternoon I virtually commissioned the 5,000 barrels per day Waltersmith Modular Refinery in Ibigwe, Imo State, in fulfillment of our Refinery Roadmap. I am pleased to note that work is now commencing on expansion of the capacity of the refinery to 50,000 barrels per day. pic.twitter.com/Wo1S7VIKxh
— Muhammadu Buhari (@MBuhari) November 24, 2020
I am delighted that the Waltersmith Refinery is coming on-stream within two years of the commencement of the Roadmap, and after many years of granting licenses for the establishment of modular refineries with nothing to show for it.
— Muhammadu Buhari (@MBuhari) November 24, 2020
