MIDOIL BUSINESS OBJECTIVES
With the Federal Government partial deregulation of the down stream sector, the Board of Directors of Midoil decided that the time was right for Private Participation in this critical sector of the economy.
Midoil proposes to develop a 100,000 bpsd Modular Crude Oil Refinery on 86.48 hectares of land at Sekungba/Ejinrin, Ikosi/Ejinrin Local Council Development Area, Lagos State, South Western Nigeria.
WHY MODULAR REFINERY?
Modular Refinery can be defined as a mini-refinery. Modular refinery is usually cost-effective to build in terms of its relatively low capital cost with speed and ease of construction.
Modular refinery has two main areas:
- The Inside Battery Limit (ISBL)
- The Outside Battery Limit (OSBL)