Edo state, Chinese firm sign pact to build 1,000bpd modular refinery

The government of Edo State signed an agreement with the Chinese company Peiyang Chemical Equipment Co. Limited (PCC) on the construction of a modular refinery in the state.

It is expected that the project, which is capable of producing 1000 barrels of oil per day, will be completed in April 2019.

The Memorandum of Understanding was signed in Tianjin, China by Edo Governor, Godwin Obaseki, President of the PAC, Mr. Huamin Tian and Vice President of the University of Tianjin, Hu Wenping.

The university owns 51 percent of the company's shares.

Speaking after the signing of the agreement, Obaseki said that the Edo state cooperates with the university because of its key competence in new engineering technologies.

As a result of the cooperation, the governor said that the university offers the state an agreement on granting scholarships to Edo students to study engineering and construction technical personnel in areas related to oil and gas.

Obaseki said the project will provide jobs for inflating youth in Edo, and will also make the state a center for the petrochemical industry in Nigeria.

"We emphasize technical education for our youth. All we do today is to have a job creation component. Thus, investments in modular oil refining and oil and gas technologies should have technical capabilities for training.

"We have the largest coastal gas reserve. We want to see how we can use some of the natural resources that we need to ensure that we build an industry that is local and sustainable, "the governor said.

Vice President of the University of Tianjin, Mr. Hu Wenping, said that the Forum for Cooperation in Africa (FOCAC) provides the university the opportunity to cooperate with Edo, being one of the oil-producing states of Nigeria.

Cooperation, he said, will help strengthen relations between Nigeria and China.

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