An Indonesian firm, PT Intim Perkasa Nigeria Limited, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest in building a 10,000-barrel per day modular refinery in Akwa Ibom State.
This was disclosed via a statement by the Nigerian National Petroleum Corporation, NNPC, which quoted Mr. Adi Hartadi, Head of Investor Relations of PTPP (Persero) Tbk, partners to PT Intim Perkasa Nigeria Limited, as having said in Abuja during a business meeting with the Group Managing Director of the NNPC, Mr. Maikanti Baru.
He expressed optimism that with this kind of investment coming steadily, Nigeria could serve as a regional hub of refined petroleum products for West Africa and beyond.
He said, “On our end, we have embarked on ambitious plan to fast-track programmes to restore our capacity utilization from 30 per cent to a minimum of 90 per cent in the next 24 months. To do that, we are working on securing financing from third parties, not just funding, but also technical expertise to help us increase our performance to world class levels that they should be.”
Baru further stated that in line with the Federal Government’s policy on modular refineries the NNPC had set up a Greenfield Refinery Department that specialized in new refinery projects and also provide professional support to potential investors in modular refinery in the country.