Author Topic: Group sets to build refinery in Ogun state  (Read 63 times)

0 Members and 1 Guest are viewing this topic.

Offline Ereporter

  • Hero Member
  • *****
  • Posts: 796
    • View Profile
Group sets to build refinery in Ogun state
« on: October 21, 2016, 04:40:12 PM »
Loading...


A Nigerian oil firm, Petrolex Group says it has entered into a consortium with Wema Bank and the government of Ogun to build the second largest refinery in Odogbolu area of the state.
According to a statement by the oil firm on Thursday in Lagos, the Chairman of the group, Mr Segun Adebutu, said that other members of the consortium are Hyundai and Ajayi Legal Partner.

Adebutu said that the consortium would also build a petroleum product depot in the area. He said that the depot would be the largest in sub-Saharan Africa.Adebutu said the two projects would generate about 2,000 jobs and boost the socio-economic condition of the host state.

Mr Henry Alakhume, Head of Corporate Banking at Wema Bank, said the bank was delighted to support the deal. “Wema Bank is proud to support Petrolex Group in the refinery and petroleum depot projects.

“We believe this will significantly boost Nigeria’s economy and create much-needed jobs,” he said.

Gov. Ibikunle Amosun of Ogun assured Wema Bank and members of the consortium of his administration’s commitment to fully support the project.

“We have the political will and we will support the project fully. You can be rest assured that I will get involved, when necessary, in order to ensure that the project is a success,” Amosun said.

Source: http://nigerianewstoday.com.ng/group-sets-to-build-refinery-in-ogun-state/



 

Ekiti Debt Profile: Fayose Accuses Fayemi of running the state into massive debt

Started by jchima14

Replies: 0
Views: 488
Last post October 20, 2014, 12:40:44 PM
by jchima14
Powerful state governors drained Nigeria's boom time oil savings - Okonjo-Iweala

Started by jchima14

Replies: 0
Views: 155
Last post November 28, 2014, 08:23:31 AM
by jchima14
NYSC N4000 call Fee: "Reduce it to N1,000" Group demands

Started by jchima14

Replies: 0
Views: 157
Last post October 08, 2014, 07:25:11 AM
by jchima14
Ekiti state newly Elected Governor Fayose vows not to recognise 19 new LCDAs

Started by internet police

Replies: 0
Views: 313
Last post August 13, 2014, 07:41:51 AM
by internet police
2015: Nollywood star, Desmond Elliot to Run for Lagos State House of Assembly

Started by internet police

Replies: 0
Views: 283
Last post September 12, 2014, 12:08:37 PM
by internet police
Popular Nigeria singer 9ice Appointed Special Adviser To Oyo State Governor

Started by internet police

Replies: 0
Views: 281
Last post April 10, 2015, 06:43:21 PM
by internet police
Kaduna State Governor, El' Rufai Begins Process Of Recovering Public Lands

Started by internet police

Replies: 0
Views: 169
Last post August 04, 2015, 04:33:10 PM
by internet police
Lagos State House of Assembly Chief Matron found dead in office

Started by internet police

Replies: 0
Views: 157
Last post August 25, 2015, 11:15:26 AM
by internet police
Sacked Governor of Rivers State, Nyesom Wike loses at Supreme Court

Started by yungcrux

Replies: 0
Views: 192
Last post October 27, 2015, 11:52:14 AM
by yungcrux
Man Burns 8-Year-Old Stepson’s Hand For Stealing N200 In Rivers State (Photos)

Started by Ereporter

Replies: 0
Views: 76
Last post October 04, 2016, 01:44:11 PM
by Ereporter