ND Western Getting Ready To Take FID On 10,000bpd Refinery – Official

An indigenous oil and gas business, ND Western Ltd., claims it is preparing to make the Final Investment Decision (FID) for its 10,000 barrels per day refinery in Uturogu, Delta State.

On Wednesday in Abuja, Eberechukwu Oji, the managing director of ND Western Ltd., revealed the information to reporters when he spoke with them outside the 2022 Nigeria Oil and Gas Conference and Exhibition.

Oji claimed that the project's front-end engineering design, which was a joint venture with the Nigerian National Petroleum Corporation (NNPC), had been finished.

“We’re getting ready for the FID. Now you have to understand that before you take FID on a project, a number of things need to be ready,” he said.

He said issues such as finance and off-takers of refined petroleum products must be addressed before the board approves the FID.

On gas development in Nigeria, Oji called on the Federal Government to work with the private sector in transforming Nigeria into an industrialised country through its abundant natural gas resources.

“I think that we have the opportunity to do so with gas because gas has a lot of options around it and gas solves some of the problems that we spoke about in the panel.

“So today, crude oil pipelines get tapped into and get disrupted but the gas pipelines are not being tapped into just because of the nature of the gas.

“It does make sense that the government should invest to take gas to all the industrial hubs in Nigeria.

“The Ajaokuta-Kaduna-Kano (AKK) pipeline is an excellent gas project to take gas to the north, but if you think about it, there are already demand centres in the east for which the government needs to support putting gas pipelines toward that axis.

“It is absolutely important that for Nigeria to industrialise, we have to utilise the resources we have which is gas and make it available to all the capital cities in the country.