Abia Government To Engage PETAN With Needed Support For Proposed Establishment Of Oil Refinery  In A Joint Venture

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The Governor,Dr Alex Otti has assured that his administration will provide The Petroleum Technology Association of Nigeria (PETAN) the needed support for the proposed establishment of an Oil refinery in the state.

Governor Otti gave the assurance when he received in audience a delegation of PETAN led by its Chairman Engr. Wole Ogunsanya who were in the state for the possibility of establishing an Oil refinery in the state.

He assured that the Abia state government team will engage with them to see how they can partner as joint venture to realize the project.

“I will like to inform you that we are willing to work with you.
We will see how we can partner
We take our Partnership very seriously and I want to thank you for identifying us as one of the first states”

The Governor further assured the delegation that Abia has a lot of assets that have not even been identified beyond Ukwa west, disclosing that there are other areas yet to be explored.

Governor Otti said beyond Oil and Gas, the state boasts of other resources and expressed happiness that PETAN is waxing stronger.

“We have some assets that have been identified beyond Ukwa West
Oil activities today in Abia is centered around Ukwa West and I have it on good authority that other areas of the state that have reserves that could be harnessed.

“And by the time we have serious players, you begin to explore some of these places around Umunneochi and a few other places

I will like to inform you that we are willing to work with you
We will see how we can partner
We take our Partnership very seriously and I want to thank you for identifying us as one of the first states

If there is any support you need do not hesitate to reach out to us
I would like give you timeline , so that we won’t just be talking
I would like to be briefed every fortnight on how we are doing

Also Speaking, the Commissioner for Petroleum resources , Professor Joel Ogbonna expressed the hope that the opportunity will take the state to another level as there are about 100 hundred capped Oil wells yet to be tapped, adding that if realized Abia will be among the top Oil players in the world.

Earlier, the Leader of the delegation and Chairman of PETAN Wole Ogunsanya said there visit was to see how best to support the state realize its full potential in the oil sector.

“We have enaged in discussions with the government on having a refinery in the state
which would serve the state and neighboring states
This is the first state where we would be executing this programme/project

“We have a programme that the association desires to use in supporting the state using the resources that the state has on ground.

“We own the equipment that would find the oil and bring it out of the ground this would make the work easy for us.”

He said that PETAN an indigenous company providing Oil and Gas Services is willing to collaborate with the Abia state government in establishing a refinery to serve Neighbouring states, adding that it has all it takes to develop the Oil and Gas sector of the state.

According to him, Abia will be the first state to benefit from the proposed joint venture model which promises to increase the state IGR, create direct foreign currency and create employment opportunities.