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Niger Delta: Illegal refiners to be shareholders of modular refineries
  • Post by Admin on sunday, March 05, 2015

Details of the President Muhammadu Buhari's New Vision for oil-producing communities in the Niger Delta, is emerging as an idea is now being worked out to explore how some of the illegal refiners and the local communities in the region can become shareholders in the proposed Modular refineries concept of the Federal Government, presidency sources have disclosed.

The consideration going on now is subsequent to the promises made by the Federal Government during the presidential interactive engagements in several oil-producing States led by the Vice President Yemi Osinbajo to integrate the illegal refiners, rather than a scorched-earth policy that seeks to eliminate the operations of such refiners.

But sources said there are a number of significant hurdles to be crossed especially issues around the engineering and technical ramifications of such a conversion, besides figuring out the financial models that would be workable and profitable.

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