state by the end of next year. The facility is expected to process an
initial 20,000 barrels per day (bpd) of crude oil.
Nigeria is among the world's top 10 crude oil exporters but has to
import most of its refined product needs due to the dilapidated state
of its refineries. Previous efforts to build new refineries have often
been delayed or cancelled.
below capacity
Africa's biggest oil producer currently has a theoretical refining
capacity of 445,000 bpd from its four plants but they process around
30 percent of this amount, oil industry sources have said.
"Our expectation is that the refinery will be up and running by the
end of next year," Emeka Anyaoku, the Chairman of the Nigerian oil
and gas firm Orient Petroleum said at the inauguration of the project.
North of Niger Delta region
"We expect that by the end of next year we should be refining 20,000
barrels of oil everyday and gradually after that we will build up to
35,000 then 55,000 and possibly higher."
Orient is exploring for oil in Anambra state, which sits north of the
main oil producing Niger Delta region, but there have been no official
oil reserve figures published.
The company's website said it will refine crude oil produced from
Anambra state and Brass River oil, which is currently pumped from
fields operated by Italian firm Eni.
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