WOW! SEE CELEBRATIONS, AS BILLIONAIRE "NWOSU OF WALTERSMITH" OPENS 1ST PRIVATE REFINARY IN NIGERIA

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  • Published on:  Saturday, October 16, 2021
  • Waltersmith Petroman’s new modular refinery.
    Mr. Chikezie Nwosu, MD/CEO, Waltersmith Petroman Oil Limited is an experienced senior executive with over 29 years local and international experience in the oil & gas industry vis-a-viz management of oil & gas projects, new business development and divestments and acquisitions.
    Abdulrazaq Isa is a Co-Founder and Chairman/CEO of Waltersmith Petroman Oil Limited an Indigenous Nigerian Independent oil and gas producing company which operates the Ibigwe field in Oil Mining Lease 16 located in Imo State Nigeria.
    President Muhammadu Buhari has commissioned Ibigwe modular refinery with an assurance that Nigeria will soon become a net exporter of petroleum products, as the country moves towards realising its refinery roadmap. During the commissioning of the 5,000 barrel per day, bpd, Waltersmith modular refinery, Ibigwe, Ohaji, Imo State, held virtually, Buhari said he was happy a modular refinery was coming on stream years after licences were given out.
    According to the President said: “This modular refinery is the largest commissioned one in the country.
    “The role played by the Nigerian government in going into collaboration with refining and petrochemical company is novel in concept and superb in delivery. “The realisation of the refinery roadmap will ultimately lead us to becoming a net exporter of petroleum products, not only to our neighbouring countries but to worldwide market.” He also explained that the deployment of modular refineries represents one of the four key elements “of our refinery roadmap rolled out in 2018 aimed at addressing the challenges in the downstream sector to meet Nigeria’s local needs and eliminate importation of petroleum products.”
    “After many years of giving licences for the establishment of modular refineries without any coming on stream, I am happy that we can today commission this modular refinery within two years of commencement of our refinery roadmap,” he added.
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