Another billionaire set to launch mega refinery in Nigeria 

Nigeria’s second-largest private refinery, the Azikiel refinery, is about to be completed and almost ready to commence production The refinery owners, the Azikiel Group, said the facility expects mechanical completion this year and full production in 2025 The company stated that the plant is about 87% complete and would produce two million litres of petroleum products daily.

Nigeria’s second-largest private-owned refinery, the 12,000 barrels per day Azikiel Petroleum Refinery phase one, is currently under construction in Bayelsa state. It has surpassed 87% completion and is approaching mechanical completion by the end of this year. The owners, the Azikiel Group, expect mechanical completion in 2024 and commercial operations by 2025.

he company revealed that the planned phase two, which would start after commercial operations begin, is a 25,00 barrels per day plant.

When fully operational, the refinery would produce two million litres of EURO V grade petroleum products annually, including petrol, aviation fuel, diesel, and others. It hopes to determine the cost and quality of petrol in Nigeria. The project is reportedly being delivered by MacDermott, the United States-based Original Equipment Manufacturer (OEM) and engineering, procurement, and construction (EPC) contractor that made the refinery’s Inside Battery Limits (ISBL) Process Modules.