Oil & Energy
IPMAN’s Refineries To Create 2m Jobs
Authorities of the In
dependent Petroleum Marketers Association of Nigeria (IPMAN) have said that the associations proposed 400,000 barrels per day capacity refineries project would soon become operational.
IPMAN president, Chinedu Okoronkwo, who disclosed this in Abuja said the two refineries proposed at Ceek in Kogi State and Agge in Bayelsa State, were being executed in collaboration with Water Carbon-field Energy Limited, a consortium from Panama.
Okoronkwo revealed that the project also targets about two million direct and indirect employment opportunities.
The IPMAN boss further disclosed that the two refineries would effectively enhance circulation of products across the country and also help reduce dependence on importation of petroleum products into which, according to him would reduce the several billions of naira spent on subsidy.
He explained that the project would take about four years to complete but that so far, preliminary work had already commenced after which full scale construction work on the project would begin.
He stated also that Agge has one of the deepest ports in West African subregion and expressed hope that it would make the area the refinery hub in the region.
Okoronkwo said because of the strategic position of Kogi state in the country, the one in Kogi would help to serve the market in the north effectively.
IPMAN boss commended Kogi State Government for its demonstration of willingness to support the projects by providing land and other necessary assistance.
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