Osinbajo Justifies Push For Modular Refineries, New Vision For N’Delta

The Vice President, Prof Yemi Osinbajo, SAN, says the integration of artisanal and modular refinery operators into mainstream oil and gas sector will promote the inclusion of more local content in the industry and advance the use of home-grown technology in the refining of petroleum products.
Osinbajo stated this, yesterday, in an address delivered virtually at a National Summit on the Integration of Artisanal and Modular Refinery Operations in Nigeria.
According to the Vice President, “we are confident that the integration of artisanal and modular refinery operations into the oil and gas sector will not only promote the inclusion of more local content in the industry; it will advance the use of home-grown technology in the refining of petroleum products and also curtail illegal oil activities in the Niger Delta regions.”
It would be recalled that following Mr President’s directive, Vice President Yemi Osinbajo in 2016 embarked on a tour of oil-producing communities in the Niger Delta, in a bid to address lingering issues in the region.
This was preceded by the President’s meeting with Niger Delta leaders under the aegis of Pan-Niger Delta Forum, (PANDEF) which led to the PANDEF 16-point demand to the Federal Government and was subsequently captured in the Federal Government’s 20-point agenda to develop the region.
“One of the nagging issues we were confronted with during my tour was how to deal with the proliferation of artisanal refinery and its attendant negative environmental impact. Our solution was to promote the establishment of modular refineries,” Osinbajo recollected.
Speaking on how to resolve the issue, the Vice President noted that “these artisanal refiners will be seen as investors and considered for strategic equity partnerships with technical and financial partners.