Edo state, Chinese firm sign pact to build 1000bpd modular refinery

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Edo State government has signed an agreement with a Chinese firm, Peiyang Chemical Equipment Co. Limited (PCC) to build modular refinery in the state.

 

The project, which has the capacity to produce 1,000 barrel of crude per day is expected to be completed in April 2019.

 

The Memorandum of Understanding was signed in Tianjin, China by Edo state governor, Godwin Obaseki, PCC president, Mr Huaming Tian and Vice President of Tianjin University, Hu Wenping.

 

The university owns 51 percent interest in the company.

 

Speaking after signing the agreement, Obaseki said Edo state is collaborating with the university because of its key competence in emerging engineering technology.

 

As a result of the collaboration, the governor said the university offers the state an agreement to provide scholarships for Edo students to study engineering and build technical manpower in areas that relate to oil and gas.

 

Obaseki said the project would provide job opportunities for the teeming youth in Edo as well as make the state become a hub for petrol chemical industries in Nigeria.

 

“We emphasise on technical education for our young people. Anything we are doing today must have a job creation component. So, investment in modular refinery and oil and gas technology must have a technical training capacity.

 

“We have the largest onshore gas reserve. We want to see how we can leverage on some of the natural resources we have to ensure that we build an industry that is local and sustainable,” the governor said.

 

The vice president of Tianjin University, Mr. Hu Wenping, said the Forum on China Africa Cooperation (FOCAC) provides the university opportunity to collaborate with Edo, being one of the oil producing states in Nigeria.

The collaboration, he said, would enhance relations between Nigeria and China.

Culled from here

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