Tung Seed Oil Refinery Plant in Nigeria

Will Nigeria’s biggest oil refinery boost refining capacity?
(AP Photo/Sunday Alamba, File) ABUJA, Nigeria (AP) — Africa’s biggest oil refinery has begun production in Nigeria, the company has said, ending a yearslong wait for a plant that analysts said Monday could boost refining capacity in a region heavily reliant on imported petroleum products.
Which is the biggest commissioned modular refinery in Nigeria?
The Waltersmith refinery located in Imo state is the biggest commissioned modular refinery in Nigeria. The African refinery project is being developed in phases by Waltersmith Refining and Petrochemical Company, a subsidiary of Nigeria-based Waltersmith Petromen Oil.
How did the Nigerian oil refinery make money?
The refinery was a fully private company and sold its products directly to the marketing companies in Nigeria under an arrangement in which they paid for stated capacities of crude supplied, lifted products realizable from those capacities, and paid the refinery a processing fee accordingly.
Will Nigeria’s Dangote Refinery boost local and regional refining capacity?
Nigeria’s Dangote Petroleum Refinery, which is Africa’s biggest, says it has begun production, starting with diesel and aviation fuel. This brings to an end a yearslong wait for a plant that analysts said Monday, Jan. 15, 2024 could boost local and regional refining capacity in a region heavily reliant on imported refined products.