Financial resources and loans acquisition and guarantee have become the necessary ingredients in ensuring participation in the private investment opportunities in the Nigerian refining industry. As a capital intensive business venture which incorporates high technology operations, establishing a new modular oil refinery requires high level negotiations, communication, cooperation and coordination to make a successful in-route into this hitherto untapped business sector. To meet the consolidation requirements of the Department of Petroleum Resources (DPR), a repackaging of the project of the Amakpe Refinery was required. Financialbridge, an American based business consultants firm with Techmodular, a turnkey project development outfit counterpart has successfully sourced for and achieved a revalidation License for the Construction of this refinery, the first private refinery in Nigeria with a two phase developmental schedule from 6000BPD to about 30000BPD on full capacity on completion. The expertise and other available financial resource facilities in the USA, viable bankable projects that can attract US funding and support as well as agencies have been extensively highlighted. While hoping that the private refineries will help to alleviate the pains of the teaming population of this country experienced in times of fuel scarcity since global demand in energy continues to grow, a lot more advantages are coming with this aspect of industrialization as grass root development, employment opportunities would be created to the benefit of the country at large.
