Dr. Eruani Azibapu, a Nigerian businessman, has signed a contract for the construction of a refinery in Bayelsa State with a Houston Texas-based group, Ventech Engineering LLC, according to a press release.
Eruani, who is the Group President of Azikel Group, signed the contract on behalf of Azikel Petroleum alongside the Director of Investment and Strategy, Richard Howarth. The Executive Director Operations of Azikel, Presley Asemota, said the contract was for the construction of a 12,000 BPSD Hydro-skyming refinery which is expected to commence production in 2018.
Azikel Refinery is situated adjacent the Gbarain-Ubi Gas Gathering Facility in Obunagha-Gbarain, Bayelsa State. The proximity of the Azikel Refinery to the feed stock from Shell has given it a clear advantage to early start and completion as to meeting the planned commencement of operations in 2018.
Azikel Refinery is among the 22 licensed private refineries approved by President Mohammad Buhari in 2015.
