May 2010
Establishment of Private Refineries - FG Still on Track …
Department of Petroleum Resources
Achieves an appreciable level of gas- flare reduction 12th May, 2010 With the Amakpe refinery project almost at completion stage, the Federal Government's policy of encouraging the establishment of private refineries as a viable alternative to the existing ones seems to be having the desired effect.

This disclosure was made recently in Lagos during the first quarter media briefing hosted by the Department of Petroleum Resources. It was revealed that the Amakpe Refinery project would soon be completed for eventual commencement of operations.

DPR management expressed optimism that the other licensees who were yet to move at the same pace as Amakpe, would strive to live up to expectations of Government by showing enough commitment and know-how in the issue of establishing these refineries so as to combine and contribute an aggregate of 483,000bpd to the Nation's refining capacity. Read Full  Story

April 2010

In April, 2010, a two day conference of major stakeholders and lead banks was convened at the project site in Pasadena, Texas, to inspect the 100% completion of equipment fabrication for the first phase of the refinery project.

Pictured from left to right are: Kreg N. Stanley, President, Ventech Engineers International, Mrs. Helen Ikpe, Vice Chairman/COO, Amakpe International Refineries (Nigeria) Ltd.,  Chief Usua H. Amanam, President/CEO, Amakpe International Refineries (Nigeria) Ltd., Mr. Tamtam Parthasarathy Nageswara Rao, Executive Director, Sterling Bank Plc., Mr. Razack Adeyemi Adeola, Group Managing Director/CEO, Sterling Bank Plc., Mr. Scott McClary, VP Projects, Ventech Engineers International, Mr. Robert U. Orya, Managing Director/CEO Nigeria Export Import Bank (NEXIM BANK), Rev. Ifeanyi C. Nwade, AGM/Head Project Finance Dept, NEXIM BANK, Mr. Praveen Jain, General Manager, Sterling Bank Plc.