WalterSmith Modular Refinery In Imo State, Starts Operation
The incessant problem of the crude refinery in Nigeria is about to become a thing of the past, this is following the encouragement of construction and development of modular refinery across the country by the Muhammadu buhari led administration to help in refining various crude oil products such as AGO, DPK and Aviation fuel.
Among the modular refineries that are springing up all over the country is the WalterSmith Modular Refinery in Imo State. Work and development started in the refinery in March 2017 when the company obtained a license to construct, although the company Waltersmith Refining and Petrochemical Company had obtained its License to establish from the Department of Petroleum Resource in June 2015.
The 5,000 barrels per day Waltersmith Modular Refinery located in Ibigwe Imo state, was pre-commissioned in August 2020, with a crude storage capacity of 60,000 barrels. The refinery is projected to be able to deliver 271 million liters of refined petroleum products per year. The petroleum products include diesel, kerosene, naphtha, and heavy fuel oils to the domestic market.
The WalterSmith Modular Refinery in Imo state is now fully completed and it is ready to commence operations. According to reports, trucks have started arriving at the refinery with a daily target of about 25 tankers dailies. The refined oil will be loaded at the Waltersmith modular refinery would help to serve the needs of the SouthEastern states and part of the South-South states.
The Chairman of the private refinery, Abdul Razak Isah is optimistic that the WalterSmith Modular Refinery would help create business opportunities. And also help to meet the growing demands for petroleum product. Waltersmith modular refinery in Imo State is one of the many success stories of the Muhammadu buhari administration in a bid to deregulate the oil sector.