crude peanut oil refining mill equipment in nigeria

                                               
                                               
                                               
                                               
                                               
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  • How did the Nigerian oil refinery make money?
  • The Nigerian oil refinery, as a fully private company, generated revenue by selling its products directly to marketing companies. The revenue was generated through an arrangement where the companies paid for stated capacities of crude supplied, lifted products realizable from those capacities, and paid the refinery a processing fee accordingly.
  • Are there opportunities for refining petroleum products in Nigeria?
  • In spite of the challenges, opportunities exist for interested investors to go into refining of petroleum products in Nigeria. Even if all the existing refineries were operating at maximum capacity, there still exists a robust demand for petroleum products in Nigeria.
  • What was the capacity of the first refinery in Nigeria?
  • The first refinery in the country near Port Harcourt had a capacity of 38,000 barrels per day (bpsd). It was a simple hydro-skimming plant and was completed and commissioned in 1965 by the Shell-BP Petroleum Development Company.
  • Why did Shell-BP start a refinery in Nigeria?
  • Shortly after Nigeria's independence, Shell-BP saw an opportunity to meet the country's product needs. In response, they embarked on a project to build the first refinery near Port Harcourt. The 38,000 barrels per day (bpsd) Shell-BP Refinery was completed and commissioned in 1965. It was a simple hydro-skimming plant.
  • When was the first BP refinery built in Nigeria?
  • The first refinery in Nigeria, the 38,000 barrels per day (bpsd) Shell-BP Refinery, was completed and commissioned in 1965. It was a simple hydro-skimming plant. The Federal Government of Nigeria acquired 50% shareholding under a participatory agreement with Shell-BP.
  • Is there a demand for petroleum products in Nigeria?
  • Even if all the existing refineries were operating at maximum capacity, there still exists a robust demand for petroleum products in Nigeria. Current aggregate product demand is put at equivalent refining capacity of 800,000 bpsd.