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Exclusive: Iheanacho replies critics over refinery site

Captain Emmanuel Iheanacho has replied his critics over his decision to site refinery in Lagos rather than South East.

Hear him:
"I am glad you guys got around  talking about my refinery project. Perharps I can give you some additional heads up on the project and the unique factors which determine its location.

"I have a license to develop a 20,000 bpd modular refinery at a specific coastal location in Lagos state. The refinery is one of a number of marine infrastructure development projects which I currently have in conception.

"Were it possible to locate some of these projects in Imo, I would have gladly done so but unfortunately, due to the marine  specific nature of the contemplated developments, non can be sited in Imo.

"As a general rule, refineries are usually sited in coastal locations because of the need to facilitate the supply of crude feedstock to the refinery by supply tanker vessels. Refined fractions are also evacuated from the refinery by sea.

"Sadly, Imo state does not have a seaport or other maritime infrastructure that could serve as a basis for a decision to bring these investments home.

"In some cases, a refinery may be built in the hinterland, away from the coast. This may occur where the investor has an ownership interest in a marginal field from where they can source the feedstock . They would also need to have a number of flow stations in close proximity to the field through which they would have to reprocess any naphta through reinjection into the crude stream.

"Unfortunately, I don't own a marginal field and cannot therefore consider building a refinery in the hinterland. I hope I have given our people an insight into the factors which determined the investment location decision. Please get our people to pray for our success. They would derive great benefits from the programme if our plans are ultimately successful."
Exclusive: Iheanacho replies critics over refinery site Exclusive: Iheanacho replies critics over refinery site Reviewed by Emeka Oparah on Wednesday, February 24, 2016 Rating: 5

3 comments

  1. Captain Emmanuel Iheanacho, no doubt cuts for me a good fit of cerebral national leader, detribalized , honest and packed full of integrity.
    The wailing wailers and political nay sayers will never see anything good in his good offering. Kay Hambolu

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  2. This brain offered himself to lead Imo in the present dispensation, but they rejected him, choosing a nitwit. What are they crying about? Once you are blessed, you are blessed. Anyway, his time will come.

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  3. Refineries are not the only investments that can be conceived of and realized. Would he think of other investment ecological friendly sources in Igbo areas; and why not? Oil and gas cannot be all that the nation can invest on. He could be an inland oil investor-distributor with gas products, stations and facilities unrelated to coastline maritime requirements. Enough of investing in the coastline resources in Lagos for the Yoruba employment opportunity - that is the concern here. Is that not why he got the license to create jobs for the indigenes of the locality of the refinery?

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