The Bayelsa Government on Friday said it was shopping for the right type of investors to partner with it to establish a modular refinery to fast track the socio-economic development of the state.

Mr Ojukaye Flag-Amachree, an All Progressives Congress (APC) chieftain in Rivers, says the establishment of modular refineries in the Niger Delta will reduce insecurity, illegal bunkering and environmental challenges in the region.

The Federal Government has said modular refineries will stop fuel importation as well as reducing pump price. The Minister of Information and Culture, Alhaji Lai Mohammed, said this yesterday during the pre-inauguration inspection of the Waltersmith Modular Refinery

The Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday, said while previous administrations talked about modular refineries, only President Muhammadu Buhari’s government ensured their establishment.

The Minister of State for Petroleum, Timipre Sylva, has expressed satisfaction with the level of detailed engineering works and accomplishment deployed...

Delta State Government has approved the setting up of a modular refinery, and commencement of work at an agro-industrial park in the state, which will be funded...

The Nigerian Content Development and Monitoring Board (NCDMB), and a private oil firm, and Waltersmith Petroleum Oil Limited, are collaborating with Equatorial Guinea to develop modular refineries

Speaker, Akwa Ibom State House of Assembly, Aniekan Bassey yesterday charged the Ibikpe, Ikpa and Ikot Oku communities in Uruan Council Area to be united and cooperate to facilitate establishment of the proposed 50,000bpd Modular Refinery in the area.

Over the previous 10 to 15 years, Nigeria oil and gas sector has been comatose or at best seen very sluggish growth. In the upstream sector, the rig count has dropped from a high of 200 to a current low of 10.

The Chairman, Eko Petrochem and Refining Company, Emmanuel Iheanacho, said the U.S. Government, acting through the USTDA, had accelerated the process of the company’s planned economic investment through the industrial development grant of $797,343.

A modular refinery is made up of smaller and mobile parts that are more easily fabricated and more quickly transported to site. They come in different sizes with varying capacities normally lower than conventional refineries.

Communities in Okrika local government area of Rivers State have requested licences from the federal government to operate a modular refinery in the area. They also urged security agencies to return stolen crude and petroleum products recovered from the area to enable them refine....