Nigeria’s Gasoline Integrated International is planning to build a refining capacity of 100,000 liters per day and other petroleum products, for a total investment of 3 billion naira ($68 million), reports say.
The project, according to Ogun State Governor Dapo Abiodun, is expected to produce 400,000 liters per day in the long run.
The refinery will be erected on 800 hectares of land that had already been acquired, said Governor’s Chief Press Secretary Kunle Somorin, said.
The project will be completed in 36 months, powered by Chinese technology.
“With this project, Ogun State will have security and guarantee of petroleum products at all times,” the official said.
Gasoline Integrated International has acquired an oil block at Tongeji Island