Waltersmith Refining and Petrochemical Company Limited, a modular refinery firm, has completed the expansion of refining capacity from 5,000 barrels per day (bpd) to 10,000 bpd.
This was disclosed during an inspection visit by the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe joined the Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Saidu Mohammed, at the Waltersmith modular refinery facility, Ohaji-Egbema, Imo State.
NCDMB invested equity in the Waltersmith Refining and Petrochemical Company Limited’s modular refinery in 2018 and helped catalyze the investment, leading to the commissioning of the first phase of the plant in November 2020.
NCDMB also participated in the expansion, which is now completed and operational, producing AGO (diesel), Household kerosine (HHK), HFO (Heavy Fuel Oil), and Naphtha.
The refinery has to date supplied over 1.1 billion litres of refined products to local and regional markets, helping to strengthen Nigeria’s and West Africa’s energy security and contributing immensely to the national economy.
The refinery supplies most of its products to the South-East and South-South parts of the country, and the HFO to the West African sub-region.
The Director Legal Services NCDMB, Dr Naboth Onyesoh, represented the Executive Secretary and conveyed the Board’s delight at the success of Waltersmith modular refinery. He described the firm as a model in local content implementation, especially in direct and indirect job creation, capital retention, industrialization, import substitution, and value addition to crude oil and gas resources.
Mr. Abdulrazak Isa, Chairman of Waltersmith Petroman, said the visit was organized to showcase the completed facility to NMDPRA’s new leadership and its partner, NCDMB , and unveil its next developmental phase.
