A Review of the Nigerian Energy Industry

Japanese, Chinese investors plan completion of Anambra’s Orient Refinery

14 December 2011, Sweetcrude, AWKA – Some Japanese and Chinese investors are seeking partnership with the government of Anambra State towards the completion of the state’s Orient Petroleum Refinery project.

The team, led by Mr. Akuzu Nwokedi, met with Governor Peter Obi in Awka on Tuesday.

A member of the team, Mr. Machindin Amatsu, said the refinery project was one of the ventures the team plans to put money on, adding, however, that they would not only invest in the refinery, but would also attract investment into other areas of business in the state.

To actualise its plan of completing the refinery, the team would be working with Orient Petroleum Incorporation of the United States.

Governor Obi, in welcoming the investors, said that Anambra, as the home of entrepreneurship, required increased power supply as more industries and businesses would soon come on stream.

He expalined that Nigeria was one of the most fertile countries for investment and that the country had created an avenue for in-flow of capital and easy repatriation of profit by investors.

In addition, he said Nigeria had the biggest market in Africa that provided viable alternative to the highly competitive markets in the developed economies.

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