The Nigerian Content Management and Development Board (NCDMB) has catalogued its contributions to the President Muhammadu Buhari energy transition plan.
Speaking during a 2-Day Stakeholders Summit held recently in Lagos, the executive secretary of the NCMDB, Mr. Simbi Wabote said the board is working in partnership with Nigerian National Petroleum Company (NNPC) Ltd to construct a 50,000liters petroleum products terminal in Brass Island to support storage and distribution of white products in the coastal states of the country.
Beyond the famed modular refineries, the board is also partnering with Bunorr Integrated Energy Ltd for the establishment of 48,000 liters/day Base Oil Production Facility (via recycling of used engine oil) in Port Harcourt, Rivers state.
“Clean diesel is also one of the by-products of the processing plant which is due for commissioning before end of this year,” Wabote said.
According to him, construction activities is ongoing at the Eraskon Lube Oil factory in Gbarain, Bayelsa State sequel to the board’s partnership for the establishment of a 64,000liters/day lubricating oils blending plant.
He informed that factory acceptance test (FAT) is ongoing for the major equipment prior to site installation, highlighting that the Eraskon brand of engine oils, gear oil, hydraulic fluids, and other grade of lubricants is set to address the lubricants needs in the catchment states of Bayelsa, Rivers, Imo, Delta, and beyond.
He recalled that specific to the gas industry, President Muhammadu Buhari had launched the ‘Decade of Gas’ program in March 2021 to leverage on the nation’s huge gas reserves to become not just a major exporter, but to become a major gas consuming nation.
Wabote said that one of the initiatives put in place by the minister of state for petroleum resources in line with the Decade of Gas declaration is the National Gas Expansion Program (NGEP) with three (3) key elements namely Domestic LPG Expansion, Autogas, and Power Generation.
The Domestic LPG Expansion element of the program targets 20million homes to increase the country’s LPG Penetration currently estimated at national average of 13%.
He hinted that a major highlight at the World Gas Conference holding this week in South Korea would be the signing of the agreement to construct the 2nd LPG Vessel owned by a local indigenous company to further enhance the supply capability of the LPG across the country.
Agreement for the first vessel was signed in 2018 and the vessel was delivered in 2020, he said, adding that second agreement “is a sign of self-propelled growth for our indigenous companies in the midstream and downstream sectors of the industry.”
Again, he informed that the OB-3 pipeline and the AKK pipeline are under construction to address the gas infrastructure aspects of the gas value chain.
“A glimpse of the LPG value chain presents another plethora of opportunities for which the Board has also gone into partnership with some investors to develop different areas of the value chain.
Our touchpoints in the LPG value chain covers inland LPG production, LPG jetties/terminals, storage facilities, inland transportation, cylinders manufacturing, bottling, and retail,” the NCMDB boss said.