US, FG back Eko Petrochem’s 20,000bpd oil refinery in Lagos

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The construction of a 20,000-barrels-per-day crude oil refinery in Lagos by a Nigerian petrochemical and refining company has received a major boost with the signing of a grant by the United States Trade and Development Agency, The Punch reports.

Similarly, the Federal Government has pledged to provide the necessary support to the company towards the completion of the project aimed at ramping up the nation’s oil refining capacity.

The USTDA on Friday signed the grant with Eko Petrochem and Refining Company Limited for a feasibility study supporting technologies and development of an implementation plan for the modular refinery on Tomaro Island in Lagos.

Eko Petrochem and Refining Company said it had selected Texas-based VFuels, LLC to carry out the study, which would provide technical analyses and engineering and design needed to advance the refinery