Nigeria will began to enjoy additional supply of 271 millions of petrol from next week when the Imo State based Waltersmith modular refinery takes off.
The refinery which is set for commissioning on Monday October 26th is owned by the Waltersmith Refining and Petrochemical Company. The refinery has a crude oil storage capacity of 60,000 barrels and is projected to deliver over 271 million liters per year of refined petroleum products comprising of Diesel, Kerosene, Naphtha and Heavy Fuel Oils to the domestic market. The bulk of the crude supply for this phase will come from Waltersmith’s upstream business with backup from nearby third-party crude.
Speaking at the end of a pre-commissioning visit, Mr. Awalu, said that
Confirming the readiness of the refinery to commence operations, at the end of a pre-commissioning visit, Director of Department of Petroleum Resources, Mr. Auwalu, said: “We can confirm that the refinery is very much ready to commence operations. We have seen all the preparations. To us, the plant is alive. The commissioning is just symbolic. Everywhere is ready to start off. My overall assessment is excellent”.
“We have been to other modular refineries but we have not seen anything like this: the space, the way it is arranged and the way it will work”, Auwalu added.
Speaking further, he said: “Waltersmith is one of our success stories. We consider the project as ours. We have been tracking their growth and we are happy to see that our child is growing. It is our plan that they expand and they have the potential”.