Olalekan AdetayoThe Presidency on Saturday said 38 investors had indicated interests in the establishment of mini-modular refineries in the Niger Delta region as part of the Federal Government’s new vision for the area. The Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, said this in a statement. He said the information was part of the reports received at a recent end-of-the-year review meeting of the Niger Delta Inter-Ministerial Committee presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja. He disclosed that 10 of the refineries were at advanced stages of development. He put the proposed refining capacities of the 10 licensed refineries at 300,000 barrels.

Source: Punch December 31, 2017 00:11 UTC