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THE COMPANY AND ITS JOURNEY
Waltersmith Refining & Petrochemical Company Limited (WRPC)
was incorporated in 1996 and is currently developing a
50,000bpd modular refinery situated near our Ibigwe flowstation
through a phased expansion strategy.
The first phase which is 5,000bpd was commissioned in 2020
amidst the pandemic. It was conceptualized as an operational
solution with respect to the increasing risks faced in our upstream
operations, to optimize the full value of our produced crude
through domestic refining and providing petroleum products for
the domestic market.
WRPC obtained a License to Establish (LTE) from the Department
of Petroleum Resources (DPR) on the 1st of June 2015 and
obtained the DPR's Approval to construct on 29th March 2017.
WRPC then secured a partnership with the Nigerian Content
IN THIS SECTION
Development Management Board (NCDMB) who acquired a 30%
The Company And Its Journey 64 equity interest and signed an EPC contract in June 2018 with a
Sustainability Frame 70
Interview With The GM Refinery 72 consortium consisting of Vfuels and Lambert Electromec.
Construction commenced after the groundbreaking ceremony in
2018. The African Finance Corporation (AFC) were lenders for the
project.
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