The Niger Delta Oil and Gas Services (NDOGS) Cooperative Agency Limited has said that it will set up 18 mini refineries in the nine Niger Delta states.
Cross River is to be the first state to benefit from the scheme.
President –Obedebo, Chief S.A. Idasiefiema Obedebo, has indicated that the group already have partners from USA, Germany, and Italy, who are to build the refineries under public private partnership (PPP).
International Petroleum Investment Company (Ipic) is studying financing options for building two refineries valued at US$ 9.5 billion.
Ipic plans to raise an ‘unlimited amount’ through a guaranteed global medium note programme. The duration of medium term is typically up to 10 years. Arrangers of the bond are BNP Paribas, Merril Lynch International and the National Bank of Abu Dhabi
A detailed feasibility study was carried out on the US$ 3.5 billion Fujairah refinery Project.
Ipic is also studying financing options for a US$ 6 billion refinery in Duqm, a 50:50 joint venture with the Omani government.
Iraq’s Kar Group has been awarded a contract to build a 90 000 bpd refinery in Iraq’s northern Ninevah province.
The refinery will have an initial capacity of 60 000 bpd, which will be raised to 90 000 bpd in the second phase.
Petrofac has been awarded a contract by BP worth US$ 1.2 billion, for the Khazan gas project in Oman.
The scope of the work is to include engineering, procurement and construction of the central processing facility (CPF) at the Khazzan field.
The CPF will include two process trains, each with a capacity of 525 million ft3/d.
The project also includes an associated condensate processing system, power generation plant, water treatment system and all associated utilities and infrastructure. The project is expected to be completed in 2017.
Edited from various sources by Emma McAleavey.
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