Abia Partners Firm on Modular Refinery

By May 11, 2018 Investment News

The Abia State government is partnering Goldtrust Ltd to establish a modular refinery in Owaza, an oil-producing community in the southern part of the state.

Another firm, Whitepage Concept Ltd will help in the development of hydrocarbon in the same area.

Speaking in Umuahia while signing the documents, the managing director of Goldtrust Ltd, Freeman George-Amedin said that they are delighted to be in the state to help in the development and building of a modular refinery which will go a long way to develop the state.

George-Amedin said that as investors that there were always looking for two things before ever they invest in any area and such are commercial and social which the state has in abundance.

He said that the state has many social aspects of which they look for in a state wherever they invest, stressing that as the manufacturing hub in the Southeast that it has a ready market for all their products as many people will be buying fuel and it allied products from Abia state.

The Goldtrust managing director who assured the state government of their commitment to help in the development of the state said that modular refinery will broaden the economic space and also increase other social activities in the state.

George-Amedin said, “We are into downstream oil sector business and we have the capacity to deliver in all that we are going to venture into, so the state will benefit from our activities just as we will benefit from the state”.

He continued, “The modular refinery when completed will help in the creation of jobs for the teeming youths of the area in particular and the state in general, increase the internally generated revenue of the state and also help to increase the financial base of the state”.

In his own speech the managing director of Whitepage Concepts Ltd, Engr Yakubu Mohammad said that his outfit is into oil and gas in the upstream sector including oil exploration through the production of hydrocarbon otherwise known as crude oil.

Mohammad noted that their activities in the state will help to increase the economic base of the state at all levels as all the oil wells which belong to the state will be developed by them for the benefit of the state in particular and Nigeria in general.

He explained that they are determined to ensure that indigenes own oil wells and oil blocks, adding that their own job is to ensure that the oil blocks are explored for the benefit of the indigenes and owners of the oil wells.

The managing director of Whitepage Ltd said that they are in state to explore the oil blocks which are owned by the state, stressing that as a major oil producing state, “Abia state has a lot to gain when their oil wells are explored and developed”.

He regretted that despite being an oil producing state that the state has not been benefiting from one of its biggest natural resources, adding that with their presence that things will change for better for the people of Abia.

Signing agreement with the two different oil companies, the Secretary to the State Government (SSG) Dr Eme Okoro who signed on behalf the state governor, Dr Okezie Ikpeazu said that the governor has ideas on how he intends to develop the state.

Okoro said that the governor wants to develop the state and leave it a better place that he met it, “That is the reason behind the state government partnering with Goldtrust and Whitepage to explore oil and build a modular refinery in the state”.

The Abia SSG explained that the present administration in the state is determined to ease the way of making business for investors by providing the enablers and the right templates for businesses to thrive.

He said, “The exploration of crude oil will attract investors which will help the state to own oil blocks which will be explored for the benefit of the people of the state in particular and the country in general”.

Okoro noted that the presence of the traditional rulers from Owaza the oil producing area of the state, the youths and town union executives shows the seriousness of the government to ensure that peace reigns in that area once they commence operations.

He used the forum to plead with the traditional rulers, youths from the area and town union executives to ensure that the companies are given all the necessary support for them to succeed and also make the state a better place for all.

The Abia SSG said, “As the community that has made the state to become an oil producing state, we want to plead with the people of the area for support and to also assure the two companies of government cooperation of all at all times”.


Source: The Nation