Address by the president, Muhammadu Buhari on the occasion of the virtual commissioning of the 5,000 BPD Waltersmith Petroman Oil Limited Modular Refinery.

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address by the president, Muhammadu Buhari at 5,000 capacity refinery

Address by the president, Muhammadu Buhari on the occasion of the virtual commissioning of the 5,000 BPD Waltersmith Petroman Oil Limited Modular Refinery.

I am delighted to join you virtually and formally commission the First Phase Development of the 5,000 barrels per day Waltersmith Modular Refinery.

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 our local needs and eliminate importation of petroleum products.

After many years of giving licenses 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.

Furthermore, there is increased momentum in the other three focus areas under the Roadmap covering the Rehabilitation of existing refineries, Co-location of new refineries, and Construction of Greenfield refineries.

The realization of the Refinery Roadmap will ultimately lead us to becoming a net exporter of petroleum products not only to our neighboring countries but to worldwide market.

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