IPMAN to commence construction of $3bn refineries soon


The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refineries in two states in the federation, Vanguard reports.


The National President of the association, Mr Chinedu Okoronkwo, made the disclosure in an interview in Lagos on Wednesday. IPMAN had in July 2014, acquired over 1,000 hectares of land to build refineries that would produce 200,000 barrels of petrol per day at Itobe in Kogi and Abbe in Bayelsa.


Okoronkwo said the project which ought to have started two years ago was delayed, due to a leadership tussle in the association, adding that the project would commence now that the leadership issues had been resolved.


The IPMAN boss said that the leadership of the association had commenced discussion with investors and technical partners on how the project could commence forthwith, noting that the association remained committed to the project.



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