Classified as critical, the federal government has expressed its commitment to execution of Eko Petrochemical and Refining Company.
The subsidiary is a modular refinery of Integrated Oil and Gas Limited, has capacity for 20,000 barrels per day modular refinery.
The refinery sited at the Tomaro Island Port, in Amuwo-Odofin Local Government Area of Lagos State, is estimated to cost over $200 million and has already gulped $20 million so far, according to the company.
The project is currently at the financing stage and the company is currently in talk with potential world-class Engineering, Procurement and Construction (EPC) companies for them to tender for the contract.
A delegation from the Ministry of Petroleum Resources were at the refinery complex on an inspection visit recently.
Led by the Director, Upstream, Ministry of Petroleum, Mr. Kamoru Busari, the delegation said the government was determined to lend its support for the project to come to life.
Busari commended the Chairman of Integrated Oil and Gas, Capt. Emmanuel Iheanacho (rtd) for the high value investment.
