12,000bpd Refinery To Begin Operations In 2017
Eruani Azibapu, a Nigerian businessman who signed into existence Azikel Refinery with Ventech Engineering LLC in Houston Texas, has expressed optimism that the challenge would come on stream in 2018.
Eruani, who is the Group President of Azikel Group, signed on behalf of Azikel Petroleum Nig Ltd, alongside the Director of Investment and Technique, Mr Richard Howarth and the Executive Director Operations, Mr Presley Asemota, for the development of a 12,000 BPSD Hydro-skyming Refinery with the world international leaders of Modular refinery building/manufacturing, Ventech Engineering LLC in the United State of America.
Azikel Refinery is among the many current 22 licensed Non-public refinery by President Mohammad Buhari in 2015, in line along with his administration’s goal of creating worth for the Nigerian crude oil trade to achieve self-sufficiency in refined product and employment technology.
Azikel Refinery, situated adjacent the Gbarain-Ubi Gas Gathering Facility petrochemical engineering in tamilnadu in Bayelsa State, in Obunagha-Gbarain, Bayelsa State. Observers believe the proximity of the Azikel Refinery to the feed stock from Shell has given it a very clear benefit to early start and completion in the direction of assembly the deliberate commencement of operations in 2018.
For its part, Ventech Enginering LLC, the World chief in Modular Refinery development, and has manufactured a number of refineries at present in operation in different elements of the world. On the contract signing ceremony in Houston, the President of Ventech, Ian Anderson, emphasised that the firm’s common high degree of professionalism can be deployed in the construction of the Azikel Refinery, to ensure that products specs from the ability meet worldwide standards. In response to him, Azikel Refinery will produce high value variants of LPG, Petrol, Kerosene, Avaition Gas, Diesel and Heavy Fuel Oil.
The overall Counsel Laura Hotard and The Busines Improvement Supervisor, Mr Brian Swientonioski. The event was witness by executives of worldwide banks, Export Credit Businesses, US businessmen and petrochemical engineering in tamilnadu organisations as nicely as the Nigerian group and pals of Azikel Group in the United States.
The funding for the refinery has been secured from Exim Financial institution, Export Credit Companies and EPC Project Finance funding. Mr Dada a US based mostly Nigerian, who has supplied worldwide funding of billions of US greenback into Africa was current at the occasion in Houston.
In keeping with him, securing the funding from international organisation is the important petrochemical engineering in tamilnadu thing success factor for the refinery. Dada mentioned the development of the mission will create quick financial stimulus in the Nigerian economic system, in addition to creating immediate employment throughout the construction phase and long term employment from its operation. Dada expressed optimism that export credit score agencies funds can be accessible in the US, European and different parts of the world for viable undertaking like Azikel Refinery and encourage extra Nigerian companies to follow suit.
Recall that Azikel Petroleum upon the award of the license to establish (LTE) in 2015, demonstrated a robust zeal and focus towards the completion of the refinery. Among the many 22 licenses approval in the course of the period, Azikel Refinery has moved from the primary stage licensing (LTE)to the second Stage licensing of Approval to Construct (ATC) at the 22 licenses given by authorities only four personal refinery licenses have been able to secure the second license. Other licensed refineries embrace Amakpe Worldwide Refinery, Sources Petroleum & Petrochemicals, Hi Rev Oil Limited and Azikel Petroleum Limited.
Obtaining the ATC licensing is seen as measure of seriousness and dedication to the establishment of the refinery. Promoters of Azikel Refinery imagine it continues to be in the lead of the four different corporations, having completed land clearing/de-stumping of 50 Hectares of land for the refinery, a reclamation/ sand-filling campaign which lasted for over ten months.
Azikel Refinery plot been utterly laid out, with secured fencing accomplished, roads and Utilities completes. At the operational site of Azikel Refinery, construction of Crude Oil feed stock tanks and refined products tanks have reached a 55% completion. The Execution now of the ISBL Unit, which is the primary Modular Hydro-Skimming Refinery from Ventech, when completion of the construction and transportation to the location, will keep the mission in tight schedule for operations within the 2018.
Azikel Group which is the sponsor of Azikel Refinery by means of Azikel Petroleum is committed to the creation of employment, industrialization of Nigerian and sustainability. Azikel Group has create a number of profitable enterprise within the dredging industry with Azikel Dredging Nigeria Ltd.