In line with Governor Godwin Obaseki’s drive to transform Edo State into a major investment and industrial haven in the country, Edo Refinery and Petrochemicals Company Limited (ERPC), has placed an order for 200,000 barrels of crude from Oza Oil Field operated by Decklar Resources Inc and Millenium Oil and Gas Company.
The Edo Refinery was recently established with the injection of N700 million as redeemable preference shares (investment) from the Obaseki-led government through a Memorandum of Understanding (MoU) with a Chinese Consortium led by Peiyang Chemical and Equipment Company of China (PCC) and its Nigerian partners, Africa Infrastructure Partners Limited (AIPL).
The 6000 barrels per day refinery has been completed and has since commenced operation with its main output being Diesel, Naphtha and Low Pour Fuel Oil (LPFO).
MegaMillions – MPU
A statement by Decklar Resources Inc. and its co-venturer Millenium Oil & Gas Company Limited (Millenium), expressed delight with the trucking of crude oil from Oza Oil Field to ERPC.