The country’s oil and gas business may be heading for good times as Blooming Faith Petroleum Ltd., a subsidiary of Hong Kong-based Blooming Faith Global Holdings Ltd, would partner the Federal Government to build and operate a refinery with an installed capacity of 200,000 barrels per day, in Akwa Ibom State.

In a statement made available to Vanguard, a senior management team of the organisation, which is currently in Nigeria to kick-start procedure for the project, confirmed a successful engagement with the Nigerian National Petroleum Corporation, NNPC. Speaking on the development, Chairman of the company, Dr. Robert Yeung, explained that the company’s interest in building a refinery was influenced by the discovery that Nigeria, a major oil producing nation, relied on importation of refined products to attend to its domestic needs.

His words: “We became immediately interested for two basic reasons: first, as a business entity, we have identified a vacuum to be filled, because the government of Nigeria will not import what it can access locally.
“Second, our confidence in Nigeria as an investors’ destination of choice in Africa: we know that we can never get it wrong with a country of almost 200 million people.”

Read more at: http://www.vanguardngr.com/2016/07/hong-kong-firm-build-200000bpd-refinery-nigeria/

Dividends of a peaceful culture amongst the Efik, Ibibio, ans Anang people.

This is a wonderful development

Great one for the beautiful people of AkwaIbom state

[size=18pt]Abooki in Aso Rock will quickly frustrate this refinery in Akwa Ibom with one bureaucratic bottle neck or another so that only a Fulani man Dangote will have monopoly of refining petroleum products refining in Nigeria.[/size]

Hong Kong, if you guys want To build refinery please do but waiting for this FG To contribute To the success of it May likely not happen even giving out license will look like a big deal. Akwa ibom sea port for example.

Beadex1:
Hong Kong, if you guys want To build refinery please do but waiting for this FG To contribute To the success of it May likely not happen even giving out license will look like a big deal. Akwa ibom sea port for example.

I feel you

Good siting.