Project Location
The proposed 100,000 bbl per stream day export oriented refinery will be located at Ibeno in Akwa Ibom State of Nigeria, about two kilometres from ExxonMobil Oil Terminal, popularly known as Qua Iboe oil terminal in the world oil market. This terminal will guarantee a steady flow of crude oil to the refinery. Presently, it exports about 350,000 barrels per day. With new oil well discoveries from continental waters, this capacity is expected to increase to 470,000 bbl per day within a few years.
Apart from the economic and production convenience of a closer supply source, this location also ensures easy accessibility to the Atlantic Ocean for the evacuation of finished products to the international market.
The location typifies the coastal shorelines of the Atlantic Ocean in West Africa with its coastal rain forest, firm grounds and partially water logged areas.
A 37.10 hectare of land has been secured at Ibeno Local Government Area of Akwa Ibom State for the first phase of the project. A Certificate of Occupancy has already been issued by Akwa Ibom State Government through Akwa Ibom Investment & Industrial Promotion Council (AKIIPOC).
The local community have expressed strong support and co-operation for the project. Qua Petroleum Refinery Limited, on its part, has secured a Memorandum of Understanding with the local community.