Refineries should be located where oil is explored – Emmanuel

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The Akwa Ibom State Governor and Interim Chairman, South-East/South-South Governors’ Forum, Mr. Udom Emmanuel, has said that refineries and petrochemical industries should be located in areas where oil is being explored, The Punch reports.

Emmanuel said this after a recent inaugural meeting of governors in the two zones. A statement on Monday quoted the governor to have said, “It doesn’t make economic sense to lay sub-sea pipelines from the locations where oil is explored to other parts of the nation at a cost of $5bn (about N2tn).”

“This amount is enough to build many modular refineries and establish seven industrial parks in the Niger Delta region.” Emmanuel stated that the two zones had come together to harmonise their economic interests and pursue inter-regional cooperation and integration.