Page 44 - Nigeriaone mag 3 edition en

Mr Simbi Wabote, Executive Secretary of NCDMB, He reiterated that the Atlantic Modular Refinery is
revealed that the board had injected equity capital the 4th in the series of the NCDMB partnerships with
funds in three other modular refineries: private sector initiatives as part of the goal of
Hydroskimming modular refinery that is Federal Government’s Roadmap to addressing some
constructed by Azikel Petroleum Limited at of the protracted oil and gas problem in the region.
Obunagha, Gbarain, Bayelsa State; Waltersmith 5,000 “With the recent inauguration of the Waltersmith
bpd modular refinery at Ibigwe, is already Refinery, we have proven that the concept is doable
operational in Imo State and the 2,500 bpd modular with the right dedication and partnership models.
refinery being developed by Duport Midstream “Our focus now is to ensure the completion of the
Company as part of its Energy Park in Egbokor, Edo. remaining three modular refineries under
The Executive Secretary, in his observations, at the construction,” the executive secretary said.
launching of the construction of the modular The modular refinery initiative is part of the
refinery at Brass in Bayelsa, listed the various roadmap by the Federal Government in resolving the
elements of the Energy Park project to include a oil theft, vandalism and youth restiveness in the
2,000 bps modular refinery, jetty and power plant. region. With a sustained commitment of the board
He was quick to mention that a project of such to drive the growth of modular refineries in the
magnitude was important to the region as it would country, it is expected that these refineries will
act as a catalyst in spurring economic and address the protracted problem of fuel crisis, fuel
infrastructural development in Bayelsa State. shortages and fuel scarcity, as well as reduce the
He explained that the NCDMB in a unanimous enormous burden that importing refined petroleum
decision - decided to partner Atlantic International products with foreign currency that could be put to
Refinery and Petrochemical Ltd in line with its more productive use.
responsibility and mandate to develop the oil and
gas sector in the region.

Waltersmith Headquarters

Special file 44