• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Opac modular refinery to commence by September

Emmanuel Abara Benson by Emmanuel Abara Benson
April 26, 2018
in Business News, Politics
Opac Refinery

Construction work is ongoing at Opac Refinery. Photo credit: The Presidency's Twitter handle

Share on FacebookShare on TwitterShare on Linkedin

Opac refinery, which is currently being constructed in Delta State Kwale, is expected to commence operations latest September. Opac is one of the two modular refineries the government hopes to commission on or before the third quarter of 2018.

The Department of Petroleum Resources (DPR) projects that upon completion, the facility will be able to process at least seven thousand (7, 000) barrels per stream day.

Opac refinery is promoted by Pillar Oil Limited, Omsa Limited and Astek Limited. Pillar Oil will be supplying about three hundred and fifty thousand (350,000) tonnes of crude per annum to the refinery once the facility begins operations.

RelatedStories

Dangote Refinery

Why modular refineries are gasping for last breath 

September 20, 2023
NEITI says Nigeria lost $2.77 billion to oil theft in 2019

NNPC, FIRS, 2 others generated N28 trillion revenue for Nigeria in 3 years – NEITI

April 29, 2022

 The facility is expected to come on stream in the third quarter 2018 and the DPR has granted it requisite approvals: approval to relocate plant and approval to construct plant in line with our effective regulatory process and in alignment with government’s aspiration to stimulate economic growth

The modular straight run refinery consists of the following modules: oil refining unit cru-350; heating furnaces; pumping stations; water cooling system; separation and preparation tanks; storage depot; control room with electrical panel; utilities supply and office facilities including laboratory; and truck-loading station-Department of Petroleum Resources

Meanwhile, the Presidency has reacted to the ongoing construction at the Opac refinery, commenting that it is in line with President Muhammadu Buhari’s vision for the Niger Delta region.

President @MBuhari’s New Vision for the Niger Delta is on course. One of the focus areas is ENABLING the establishment of private modular refineries. Construction work has now started on OPAC Modular Refinery in Kwale, Delta State. Follow @ndnewvision for updates.#NDNewVision pic.twitter.com/s2KZTdQLKn

— Presidency Nigeria (@NGRPresident) April 26, 2018

Opac will produce naphtha, kerosene, diesel, and fuel oil fractions upon completion. The refinery will have storage depot for crude and finished products.

Nigeria currently imports most of its petroleum products despite being one of the largest crude oil exporters in the world. Hopefully, this trend will change following the commencement of operations by Opac, as well as the many other modular refineries that are expected to be constructed soon.


Follow us for Breaking News and Market Intelligence.
Tags: DPROpac refineryPillar Oil Limited
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

Dangote Refinery
Energy

Why modular refineries are gasping for last breath 

September 20, 2023
NEITI says Nigeria lost $2.77 billion to oil theft in 2019
Business

NNPC, FIRS, 2 others generated N28 trillion revenue for Nigeria in 3 years – NEITI

April 29, 2022
Timipre Sylva says he has directed NMDPRA to sanction those making profits from fuel crises
Business News

FG officially scraps DPR, PPPRA, PEF, for new agencies, sacks their CEOs

October 19, 2021
Nigeria to become oil bunkering hub in Africa – DPR
Energy

DPR targets revenue of N3.2 trillion by December 2021

September 16, 2021
Nigeria to become oil bunkering hub in Africa – DPR
Energy

DPR receives $500 million gas investment proposals within a year

August 11, 2021
FG targets increase of Nigeria’s oil reserve to 50 billion barrels
Energy

FG targets increase of Nigeria’s oil reserve to 50 billion barrels

August 10, 2021
Next Post
Fidson

Q1 2018 Results: Fidson Healthcare Plc records 26% increase in profit

Comments 1

  1. Menewe Jahswill says:
    May 9, 2020 at 4:01 pm

    remember me about any latest updates

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • New Zealand to ease work limits for foreign students in bid to double education revenue 
  • Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP 
  • AI holds key to exposing frequent budget padding, enhancing fiscal efficiency in Nigeria – Dr. Nasir Aminu 

Follow us on social media:

Recent News

New Zealand

New Zealand to ease work limits for foreign students in bid to double education revenue 

July 14, 2025
Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP 

Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP 

July 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics