UNITED STATES TRADE AND DEVELOPMENT AGENCY APPROVES N360M GRANT FOR MODULAR REFINERY

UNITED STATES TRADE AND DEVELOPMENT AGENCY APPROVES N360M GRANT FOR MODULAR REFINERY
August 17, 2017 Advocaat Law Practice

In line with Integrated Oil and Gas Limiteds plan to construct a 20,000 barrels per day (bpd) modular refinery , the United States Trade and Development Agency (USTDA) had approved a grant of $1 million (N360 million) for the detailed engineering and  design of a 20,000 bpd modular refinery in Lagos.The grant will be specifically used to finance the completion of the detailed analysis of supporting technologies and engineering for the implementation of 20,000 bpd crude oil refinery. 

It is expected that the proposed 20,000 bpd production refinery would attract more investments to the country and also develop host communities.