Private Refinery For Okitipupa


A private refinery worth more than 1.5 billion dollars to be known as Ode Aye  Refinery is to be established in Ode Aye, Okitipupa Local Government Area of Ondo  State.

Retired Major Christopher Ikutiminu, the Chairman of Ode Aye Company, made this  known in an interview with the News Agency of Nigeria (NAN) in Okitipupa, recently.

He said the refinery would process 100,000 barrels of crude oil per day into  petroleum products on completion.

Ikutiminu said that the establishment of the private refinery was a heed to call by  government on the private sector to contribute towards the economic development of  the country.

He noted that the project, which he described as grassroots-based, would be of  benefit to both the state government, the host community and foreign investors from  Italy.

Ikutiminu also said that he decided to embark on the project so as to give back to  the community what they have given to him as a citizen of Ode Aye.

The chairman said that the refinery would be located close to the river that emptied  into the ocean around Okitipupa for easy transportation of both the raw materials  and the refined products.

Ikutiminu emphasised that  stakeholders in the project cut across the locality as  that would ensure the safety of equipment in the refinery when it comes on stream.

“We will make sure that everybody within the locality benefits from it, you know you  cannot steal or vandalise what belongs to you, that is the strategy we will use to  safeguard equipment in the refinery,” he said.

Ikutiminu also said that plan for the establishment of the refinery had been on in  the last six years, adding that funding had been the major challenge.

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