THE WALTERSMITH REFINERY IN IMO STATE FINALLY COMES ONBOARD

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    Do you know that the project for the establishment of Waltersmith Refinery at Ibigwe in Imo State, which was approved by the Buhari administration since 2015, has now been completed and is set for operations?

    This 50,000 barrels per day refinery is a joint venture investment between Waltersmith Petromen Oil with 70% stake and the Federal Government of Nigeria with 30% stake, and the government’s stake will be managed by the Nigerian Content Development and Monitoring Board (NCDMB).

    As a new entrant into Nigeria’s oil refining market, this refinery will help in boosting the domestic supply of petroleum products to various outlets across the country. And it has now become a source of jobs for hundreds of skilled youths, which confirms its huge economic worth to the country.

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