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Home Entrepreneurship Katsina 150,000 barrels per day refinery becomes ready in 2021
Katsina 150,000 barrels per day refinery becomes ready in 2021

Katsina 150,000 barrels per day refinery becomes ready in 2021

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Katsina 150,000 barrels per day refinery becomes ready in 2021 

The Minister of State for Petroleum Resources, Ibe Kachikwu says the approved private sector driven Refinery in Mashi, Katsina State will be completed in 2021.

Mr Kachikwu, who made this known to State House correspondents in Abuja on Tuesday, said the refinery would have the capacity to produce 150,000 barrels per day when completed.

Mr Kachikwu and the Nigerien Minister of Energy, Foumakaye Gado had on Tuesday signed a Memorandum of Understanding (MoU) between Nigeria and Niger Republic on the construction of the refinery at the Presidential Villa, Abuja.

According to the minister, there is potential to also establish another extension of the refinery in Kaduna State.

Also speaking on the proposed refinery, a Nigerian investor, Ibrahim Zakari, said about two billion dollars was needed for the construction of the Mashi Refinery in Katsina.

He pledged to spearhead the take-off of the first 100 per cent private driven refinery.

Mr Zakari announced that his company, Blak Oil Energy Refinery had mobilised substantial part of two billion dollars needed for the construction of the refinery.

According to him, it will take the company about five years to complete the project.

He said the project when completed would provide job opportunities for more than 2,500 Nigerians.

It could be recalled that Governor Aminu Bello Masari has attended the signing ceremony of a Memorandum of Understanding for Niger-Nigeria Hydrocarbon Pipeline and Refinery Projects by Nigerian Minister of State for Petroleum Ibe Kachikwu and Niger Republic Minister of Energy Mr Foumakoye Gado.

The signing ceremony was witnessed by President Muhammadu Buhari and President of the Niger Republic Mahamadou Issoufou.

President Muhammadu Buhari also inaugurated two Committees, a Steering Committee to be co-chaired by the Nigerian and Nigerien Petroleum Ministers.

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