Page 12 - AfrOil Week 21 2022

AfrOil POLICY AfrOil

NCDMB outlines government’s

grand downstream plans

NIGERIA NIGERIA’S government has ambitious plans for refineries in Port Harcourt, Warri and Kaduna
refining expansion amid calls for the build-out using target performance of not less than ninety
of the country’s midstream capacity. percent of nameplate capacity. The greenfield
Looking to support local communities, cre- element of the roadmap covers the 650,000 bpd
ate jobs, shelter the country from fuel market Dangote Refinery in Lagos and the 200,000 bpd
volatility and wean itself off costly subsidies BUA Refinery in Akwa Ibom.”
and fuel imports, the Nigerian Content Devel- Meanwhile, other officials have pointed to
opment and Monitoring Board (NCDMB) has the opportunities for Nigeria in the midstream
announced plans to increase refining capacity to and from the development and harnessing of its
1.4mn barrels per day by 2027 from the current large gas reserves. ™
level of around 16,000 bpd.
While almost 80% of the increase is seen
coming from the rehabilitation of four state-
owned refineries and the launch of the giant
Dangote unit, a hike of nearly 300,000 bpd is
envisaged from smaller private plants.
Outlining the rehabilitation of state-run
refineries and the provision of ‘strategic sup-
port’ for the development of privately owned
greenfield and modular units, NCDMB exec-
utive secretary Simbi Wabote said: “combined
refining capacity of more than 1.4mn bpd is
expected from these focus areas within the next
five years.”
Wabote continued: “About 400,000 bpd
is expected from the rehabilitation of NNPC The Dangote plant will account for most of the rise in refining capacity (File Photo)

PROJECTS & COMPANIES
Optimism builds Angolan president lays

first stone at Soyo refinery building site

ANGOLA FOLLOWING the recent laying of the first the remainder.
foundation stone at the refinery at Soyo in the Last week, Segun Thomas, chairman of the
country’s northern Zaire province, Angolan Quanten Consortium, met with Lourenço at the
President João Lourenço met with the project’s presidential palace and declared that the project
developer in Luanda. would provide 3,000 jobs for locals in the con-
About two weeks ago, Angolan NOC Sonan- struction phase. The refinery is set to be built on
gol kicked off the development of the refinery, a seven-square km plot in the town of Matanga
which will be carried out by the US-based and the project timeline anticipates completion
Quanten Consortium, comprising three US in late 2025.
firms (Quanten, TGT and Aurum & Sharp) According to Quanten’s website and various
and one local technical services firm, ATIS previous announcements about the project, it
Nebest-Angola. The consortium was awarded a will have a refining capacity of 100,000 barrels
$3.5bn build, own and operate (BOO) contract per day, producing gasoline, low-sulphur diesel
by Angola’s Ministry of Mineral Resources and and jet fuel.
Petroleum (MIREMPET) last year and holds a However, official local media provided a fig-
90% stake in the refinery, with Sonangol owning ure of 250,000 bpd last week.

P12 www. NEWSBASE .com Week 21 25•May•2022