Nigeria's oil refining capacity gets 5000 bpd boost

Nigeria's oil refining capacity received a significant boost with the completion of a 5,000 barrels per day refinery by the Waltersmith Group. The company's General Manager for Operations, Rowland Ogundu, described the achievement as a dream come true and highlighted the opportunities it will provide for individuals in the region. In a recent interview with CNBC Africa's Christy Cole, Ogundu shared insights into the project and the company's future plans. The completion of the refinery marks a milestone for Waltersmith Group, signaling a transition into an integrated energy company. Despite facing challenges due to the COVID-19 pandemic, the company successfully commissioned the plant, which is now operational and producing petroleum refinery products for the local market. Ogundu emphasized the positive response from buyers and the market, with increasing sales indicating a promising start for the refinery. Looking ahead, Waltersmith Group is gearing up for another major project - the Energy Innovation Park. This ambitious initiative will involve the construction of a 45,000 barrel facility that will produce petrochemicals for various industries. The park aims to provide reliable electricity to support industrial growth and attract manufacturers to set up operations within the facility. With a focus on sustainability and efficiency, the Energy Innovation Park is poised to revolutionize the energy sector in Nigeria, offering a comprehensive solution for companies in need of steady power supply and integrated production processes. The Waltersmith Group's commitment to innovation and development in the energy sector underscores its vision for a sustainable and thriving industrial landscape in Nigeria.