State Government Grants Funds for Refinery Project

Monday, November 5, 2007

The local government of Nigeria’s Anambra State has approved the granting of an additional 500 million naira to Orient Petroleum Resources for the construction of a refinery within the state. Anambra governor, Peter Obi, said the government’s investment in the company was to assist it to achieve its goals. Orient plans the refinery project to be up and running in 2009.

The refinery project is expected to generate revenues and employment for people in the state. While some residents will be displaced, Obi said that compensation would be offered to them for the use of their land.

The state government in Anambra plans to invest between 5-10% of its annual budget on projects to generate income for the state. 

« GO BACK

You may also like

" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">

First LNG Realized at the Greater Tortue Ahmeyim Project

" alt="United Energy Acquires Western Desert Producer APEX">

United Energy Acquires Western Desert Producer APEX

" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">

Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG

" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">

ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System

" alt="Tullow Highlights 2025 Operational Plans in Ghana">

Tullow Highlights 2025 Operational Plans in Ghana

" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">

TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years

" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">

Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession

" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">

Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market