Three Refineries to Commence Operations Soon-Udom
July 11, 2016
0 comments
Share

Three Refineries to Commence Operations Soon-Udom

Recently, Gov Udom Emmanuel disclosed that three private refinery operators have indicated interest to start operations in the State.
On the other hand, Governor Emmanuel was said to be considering the possibility of opening up talks with promoters of Amakpe Refinery in Eket, which construction was abandoned due to disagreement between the previous administration of Obong Godswill Akpabio and promoters of the project.
The senior special assistant to Gov. Udom Emmanuel on Petroleum Matters, Obong Essien Esema gave the hint during an interview with Atlantic FM radio, Uyo.
He stated that already, work has commenced at the site of one of the three refineries located along Eket – Ibeno road.
He also said the federal government had given the Akwa Ibom State government a license to construct a jetty in Ikot Abasi.
Esema disclosed that the depots would be located at Uta Ewa, a riverine community in Ikot Abasi Local Government Area Mbo Local Government Area.
While assuring that when the tank farms and the refineries begin operation, there would not be fuel scarcity in the state again, he also disclosed that he was aware that the governor had opened discussion with the promoters of Amakpe Refinery.
The 12, 000 barrels per day modular plant was designed by its promters, Mr. Usua Amana and Dr. Nsidibe Ikpe to produce gasoline, kerosene, jet fuel, diesel and fuel oil in 2003.
The first phase was estimated to cost $32.4m (US Dollars), which the State government initially provided land as a facilitator of the project and later acquired 25 per cent shares in the company and paid $1m (US Dollars) as its shares.
Following the delay by the company to commence work on the refinery, the State government instituted a suit in court against Amakpe Refinery, demanding the refund of government’s shares in the company.
The case dragged on in court till 2007, when former Gov Godswill Akpabio inherited it, but the issues were not resolved.