BREAKING...Oil & Gas

Buhari Kicks Off First Crude Oil Project In North

Muhammed Abubakar, Reporting

PRESIDENT Muhammadu Buhari has kicked off the Kolmani Integrated Development Project (KIPRO) situated in the boundary of Bauchi and Gombe states.

Stonix News reports that KIPRO is an oil-prospecting lease (OPL) 809 and 810 at the Kolmani field site located in the Gongola Basin of the Upper Benue Trough.

The kick-off ceremony was held on Tuesday and was attended by several dignitaries, including Bola Ahmed Tinubu, presidential candidate of the All Progressives Congress (APC).

The first phase of the project is expected to entail an in-situ oil refinery with a capacity of up to 120, 000 barrels per day, a gas processing plant of up to 500 million standard cubic feet per day, a power plant of up to 300MW capacity, and a fertiliser plant of 2,500 tons per day.

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