The end to the troubles of Nigerian oil refining capacity seem to be in sight as Dangote Group is been joined by Blooming Faith Petroleum Limited, a subsidiary of Blooming Faith Global Holdings Limited based in Hong Kong which has concluded arrangements to partner with the federal government to build and operate a 200, 000 barrels per day capacity refinery in Akwa Ibom State.
Chairman of the company, Dr. Robert Yeung, told newsmen at the weekend that his company’s interest in constructing the refinery was boosted by the discovery that Nigeria, a major oil producing nation in the world relied on importation of refined products to attend to its domestic needs.
Dr. Yeung said their interest was spurred by the market in Nigeria and the confidence they have as an investors’ destination of choice in Africa.
Speaking, Mr. John Erigwe, the company’s International Operations Director stated that the company had the financial capability and technical expertise to see the project through,adding that it was deeply interested and highly committed to investing in Nigeria’s economy.
This development made the company to seek the audience of the leadership of the NNPC under the Minister of State for Petroleum resources Dr. Ibe Kachikwu to meet and present its ideas and proposals to the corporation.
“Our refinery if approved and completed would be second in size and output capacity in Nigeria second only to the on-going Dangote refinery which we gathered would commence operations in 2019”.
