This refinery, which will be located at the Tongeji Island in Ipokia Community that borders Benin Republic, is meant to cost N3bn ($6.5m) and produce 400,000 barrels of oil per day (bpd) when completed in 36 months. Other refineries also in the works include:
Nigeria: Dangote refinery project creates rash of copycats
The Ogun government recently announced that Gasoline Integrated International (GII) had acquired 800 hectares of land for its planned oil refinery in the state. This adds to the growing list of refineries springing up to end Nigeria's decades-long paradoxical situation: being a major producer of crude oil as well as a key importer of refined petroleum products.